SK Hynix Cancels US IPO Plans for Solidigm

SK Hynix canceled plans to launch a United States initial public offering for its subsidiary, Solidigm. The decision was reported by the Korea Economic Daily, which cited unnamed industry sources.

Solidigm, based in California, specializes in solid-state drives and NAND flash memory. The cancellation follows a period where the parent company stated it was reviewing various options to improve the competitiveness of the subsidiary.

SK Hynix did not immediately respond to requests for comment regarding the report.