Solidigm weighs US IPO with potential $150 billion valuation

Solidigm SK Hynix semiconductor IPO NAND flash memory AI infrastructure

Solidigm, the US-based NAND flash and SSD subsidiary of South Korea’s SK Hynix, is considering an initial public offering (IPO) in the United States as early as next year. The move could potentially become one of the largest semiconductor listings in US history.

According to sources familiar with the matter, the IPO could value the company at up to $150 billion and potentially raise as much as $15 billion in capital. Solidigm has reportedly begun a ‘bake-off’ process, holding pitch meetings with investment banks to select underwriters for the offering.

The strategic interest in Solidigm is driven by the surging demand for high-capacity enterprise solid-state drives (SSDs) used in artificial intelligence (AI) infrastructure and data centers. The company has been developing advanced products, such as 122.88TB SSDs, to meet these needs.

SK Hynix originally acquired Intel’s NAND and SSD business for approximately $9 billion in 2020, leading to the launch of Solidigm as a standalone subsidiary in 2021. While the plans are in early stages and subject to market conditions, the listing would provide a standalone valuation for a critical component of SK Hynix’s storage portfolio.

Entities

Intel · Intel Corp · SK Hynix · Solidigm · South Korea · United States

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] SK Hynix acquired Intel's NAND and SSD business for approximately $9 billion in 2020. www.businesstimes.com.sg · www.koreatimes.co.kr
[● 5 SOURCES] Solidigm is considering an initial public offering in the US as early as next year. www.businesstimes.com.sg · www.joseilbo.com · www.koreatimes.co.kr · www.newstomato.com
[● 2 SOURCES] Solidigm is developing high-capacity SSDs, including 122.88TB models, for the AI and data center markets. www.joseilbo.com · www.newstomato.com
[● 4 SOURCES] Solidigm has held pitch meetings with investment banks to select underwriters. www.businesstimes.com.sg · www.joseilbo.com · www.koreatimes.co.kr · www.newstomato.com
[● 4 SOURCES] The company could raise up to $15 billion through the offering. www.businesstimes.com.sg · www.joseilbo.com · www.koreatimes.co.kr · www.newstomato.com
[● 4 SOURCES] The potential IPO could value the company at up to $150 billion. www.businesstimes.com.sg · www.joseilbo.com · www.koreatimes.co.kr · www.newstomato.com

Sources

估值超1万亿元！美股史上最大半导体IPO或要来了，曾被英特尔600亿元卖掉 - 经济观察网－专业财经新闻网站 [www.eeo.com.cn]

15 minutes ago

SK Hynix: Investmentbanken buhlen um Solidigm-IPO – Zeitplan ab 2027 [www.it-boltwise.de]

about 5 hours ago

Solidigm Considers IPO That Could Raise About $15 Billion at Up to $150 Billion Valuation | TokenPost [www.tokenpost.com]

about 4 hours ago

SK Hynix's Solidigm weighs IPO that could value the unit at up to US$150 billion, sources say [www.businesstimes.com.sg]

about 16 hours ago

‘적자 기업’서 200조 몸값으로…SK하닉 솔리다임, 내년 美 상장 시동 - 조세일보 [www.joseilbo.com]

about 18 hours ago

SK Hynix's Solidigm weighs IPO that could value unit at up to $150 billion, sources say - The Korea Times [www.koreatimes.co.kr]

about 24 hours ago

SK하이닉스 솔리다임, 내년 미 상장 추진…몸값 204조원 거론 [www.newstomato.com]

about 13 hours ago