Solidigm, SK Hynix's NAND Arm, Eyes 2027 IPO at Up to $150B Valuation
Solidigm, the US-based NAND flash and solid-state drive subsidiary of South Korea's SK Hynix, is considering an initial public offering as early as 2027, according to Reuters. The potential valuation could reach as high as $150 billion, with the company aiming to raise around $15 billion.
People familiar with the matter said Solidigm has held competitive presentations with investment banks this week, marking a concrete step toward what could become one of the largest semiconductor IPOs in US history. However, plans including deal size and timing are still at an early stage and could change with market conditions.
SK Hynix said in a statement that Solidigm is evaluating various options to strengthen its business competitiveness, but no specific plan has been confirmed yet.
Solidigm was established in 2021 after SK Hynix acquired Intel's NAND memory and SSD business for about $9 billion. The company supplies enterprise SSDs for servers, cloud infrastructure and data centers, and has been differentiating itself with high-capacity storage products designed for AI applications.
The potential IPO comes amid growing demand for AI infrastructure, which has boosted NAND flash prices. Counterpoint Research data showed global NAND flash revenue rose 70% quarter-over-quarter in the second quarter of 2026, with average prices up 55%.
