GoKawiilSK hynix drops Solidigm IPO, confirms new US SSD fab plans
SK hynix said it has scrapped plans for an initial public offering of its US enterprise SSD unit Solidigm, blaming unfavorable stock market conditions and a semiconductor share price correction. The company confirmed it will still build a new fab for Solidigm in the US to meet rising demand for high-capacity enterprise SSDs, though it has not disclosed the facility's capacity, cost, or timeline.