SOLIDIGM EYES $15B IPO AS SOON AS 2027

Solidigm, which specializes in NAND flash memory and solid-state drives, is in early-stage discussions about going public. The potential offering would mark a significant exit for SK Hynix, which acquired the unit—formerly known as Intel's memory business—in 2022. A $15 billion capital raise would position Solidigm among the larger tech IPOs in recent memory. The $150 billion valuation reflects confidence in the memory chip market, which has recovered from recent downturns as demand for AI chips and data center infrastructure accelerates. The timing suggests SK Hynix could be weighing strategic options for the subsidiary. An independent public company would give Solidigm direct access to capital markets and operational flexibility, while maintaining South Korea-based SK Hynix as a major shareholder. No final decision has been made, and the 2027 target remains subject to market conditions and regulatory approval. SK Hynix has not officially commented on the exploration. Solidigm competes with Samsung, Kioxia, and Micron in the highly competitive memory chip sector. The company has focused on enterprise and data center SSDs since the acquisition, positioning it for growth in cloud infrastructure and AI deployments. Memory chip makers have faced cyclical pressures in recent years, but demand indicators have improved. Industry analysts project continued strength in NAND and SSD markets as data centers expand capacity for generative AI workloads and storage solutions.