SK Hynix's Solidigm halts IPO plan

According to the Science and Technology Innovation Board Daily, SK Hynix announced that its overseas subsidiary Solidigm had previously considered expanding capacity and enhancing competitiveness through various financing options. However, after considering factors such as the capital market environment, it has decided to stop advancing its Pre-IPO and initial public offering plans.

Earlier reports indicated that Solidigm planned to conduct Pre-IPO financing amounting to 50 trillion Korean won. Solidigm is the flash memory business under SK Hynix.