SK Hynix has dropped plans for a US IPO of its subsidiary Solidigm, a leading supplier of NAND flash memory and solid-state drives. This decision was reported by South Korean newspaper Korea Economic Daily citing unnamed industry sources.
Key points
SK Hynix has dropped plans for a US IPO of its subsidiary Solidigm.: SK Hynix has dropped plans for a US IPO of its subsidiary Solidigm.
Solidigm is a leading supplier of NAND flash memory and solid-state drives.: Solidigm is a leading supplier of NAND flash memory and solid-state drives.
SK Hynix announced it was reviewing various options to enhance Solidigm's competitiveness.: SK Hynix announced it was reviewing various options to enhance Solidigm's competitiveness.
Sources checked by our analysis pipeline: 1
SEOUL, Oct 23 : South Korean chipmaker SK Hynix has decided not to pursue a US initial public offering of its subsidiary Solidigm, South Korean newspaper Korea Economic Daily reported on Friday, citing unnamed industry sources.
SK Hynix did not have an immediate response to a request for comment.
The news comes weeks after SK Hynix said it was reviewing various options to strengthen Solidigm's competitiveness, but that no decisions had been made.
Solidigm, based in Rancho Cordova, California, is the US-based NAND flash memory and solid-state drive subsidiary of South Korea's SK Hynix Inc.
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