SK Hynix Drops Solidigm IPO
South Korean chipmaker SK Hynix has decided against pursuing a United States initial public offering for its subsidiary Solidigm. The report follows previous reviews of options to strengthen the NAND flash memory unit's competitiveness.
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SK Hynix has dropped plans for a United States IPO of its Solidigm subsidiary, according to a report published Friday morning. The decision alters restructuring plans for the South Korea-based memory maker's flash storage unit. The reversal follows weeks of internal reviews aimed at improving competitiveness across international operations.
