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. …
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)
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.