SK Hynix Pulls Plug on Solidigm US IPO as Chip Stocks Slide, Shares Down ~30% This Quarter
rohanpaul_ai · x · 2026-10-23
Per WSJ, SK Hynix has halted its review of both a pre-IPO round and a U.S. IPO for memory-chip subsidiary Solidigm, citing market volatility and a broader semiconductor correction.
- SK Hynix says Solidigm's existing plants have limited capacity for AI-driven demand and still needs a new U.S. fab, so the underlying problem remains unsolved.
- SK Hynix shares are down roughly 30% this quarter and more than half from their June record — just three months after raising $26.51B selling new shares to U.S. investors on Nasdaq.
- The stock fell as much as 4.2% in early Seoul trading on the news.
Related event: SK Hynix Halts Solidigm's US IPO Plans(2 posts)→
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