Reuters: SK Hynix Granddaughter Firm Solidigm Considers US IPO as Early as Next Year

Reports have emerged that Solidigm, a granddaughter company of SK Hynix, is considering an initial public offering (IPO) in the United States as early as next year.

Citing multiple sources, Reuters reported on the 25th (local time) that Solidigm held pitching meetings with investment banks (IBs) known as a "bake-off" to select underwriters for the IPO this week.

While the size and timing of the IPO are still in the early stages and subject to change, sources estimated that Solidigm could be valued at up to $150 billion (approx. 204 trillion won) and raise $150 billion.

This is expected to be one of the largest semiconductor IPOs in history.

ARM Holdings, which went public in 2023, was valued at $54 billion, while Cerebras, a US semiconductor company dubbed an "Nvidia rival," had a market capitalization of $56.4 billion based on its IPO price in May of this year.

Solidigm is a US corporation established in 2021 when SK Hynix acquired Intel's NAND and solid-state drive (SSD) business unit.

Earlier this year, it became a subsidiary of AI Company, an investment subsidiary established by SK Hynix in the United States.

It currently supplies enterprise SSDs used in servers, cloud infrastructure, and data centers. Amid the recent artificial intelligence (AI) boom, as demand for NAND flash products increases, Solidigm is reportedly considering building a NAND flash production base in New York State.
※ Please note: This article was translated by AI and may contain errors.