SK Hynix Calls Off Solidigm U.S. IPO, Citing Market Conditions

On October 22, SK Hynix said it would no longer proceed with the U.S. initial public offering of Solidigm, its storage hardware design and manufacturing subsidiary, citing recent capital market conditions and share price movements. The company said the decision was not related to changes in the subsidiary's operating performance.

SK Hynix is one of the world's major memory chip makers. Solidigm focuses on storage hardware design and manufacturing. The IPO cancellation comes amid continued volatility in U.S. tech stocks driven by concerns over heavy AI-related spending.

Reports have viewed the move as the latest sign of financing worries spreading across the AI supply chain.