SK hynix's Solidigm eyes $150B IPO as early as 2027, Reuters report suggests 

Solidigm, a California-based NAND flash subsidiary of Korean chipmaker SK hynix, is preparing an initial public offering (IPO) — which could value up to $150 billion — as early as 2027, according to a report from Reuters. 

The report suggests that Solidigm heard pitches from major investment banks seeking to lead the offering, with market estimates putting its valuation at up to $150 billion. Solidigm is allegedly aiming to raise about $15 billion through the IPO. 

If true, this would mark the largest IPO in the history of the U.S. semiconductor industry, surpassing that of Arm, the British chip designer that listed on Nasdaq in 2023 at a valuation of $54.5 billion, and Cerebras, which went public in May at $56.4 billion.

SK hynix acquired Intel’s NAND memory and solid-state drive (SSD) business for about $9 billion in 2020 and combined it with Solidigm, which was launched as a stand-alone subsidiary in 2021.

Solidigm supplies enterprise SSDs for servers, cloud infrastructure and data centers, including high-capacity storage products designed for AI applications.

The company is also reportedly considering building a production site in New York.

BY SARAH CHEA [[email protected]]