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SK Hynix says its SSD subsidiary Solidigm has halted a review of a potential US IPO to fund a new US chip fab, citing "market conditions and share price trends" (P.R. Venkat/Wall Street Journal)

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In short

SK Hynix has suspended a review of a potential U.S. IPO to focus on establishing a new U.S. chip fabrication facility, citing market conditions and share price trends. Shares fell 4.2% in Seoul.

Key points

  • SK Hynix has suspended a review of a potential U.S. IPO.: SK Hynix has suspended a review of a potential U.S. IPO.
  • The company is shifting focus to a new U.S. chip fabrication facility.: The company is shifting focus to a new U.S. chip fabrication facility.
  • Shares of SK Hynix experienced a significant drop of 4.2% in Seoul.: Shares of SK Hynix experienced a significant drop of 4.2% in Seoul.

Sources checked by our analysis pipeline: 1

P.R. Venkat / Wall Street Journal : SK Hynix says its SSD subsidiary Solidigm has halted a review of a potential US IPO to fund a new US chip fab, citing “market conditions and share price trends”   —  SK Hynix's shares fell as much as 4.2% in early trade in Seoul  —  SK Hynix halted plans to list its memory-chip unit in the U.S. …

Original source: www.techmeme.com

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