GoKawiilSK hynix scraps Solidigm IPO but still plans US NAND fab
SK hynix confirmed it will build a new US fab for its subsidiary Solidigm to expand production of 3D QLC NAND flash used in high-capacity enterprise SSDs, as AI-driven demand strains existing capacity. However, the company has shelved plans for a Solidigm IPO or pre-IPO funding round, citing market volatility and a semiconductor stock correction. No timeline, output figures, or financing plan have been disclosed.