Solidigm targets $150B valuation in potential 2027 IPO

SK Hynix: SK Hynix is a South Korean semiconductor manufacturer focused on memory chips, including DRAM and NAND flash products. Its subsidiary Solidigm is reviewing strategic options that reportedly include pre-IPO fundraising and a potential public listing, while SK Hynix has said that no specific plans have been finalized. Solidigm: Solidigm is SK Hynix’s U.S.-based NAND flash memory and solid-state-drive subsidiary, formed from the business acquired from Intel. The company reportedly held meetings with banks about potential IPO roles and is also evaluating ways to expand its U.S. manufacturing presence, but its listing plans remain subject to further decisions. Underwriting: Recent coverage has identified major investment banks, including Morgan Stanley and Goldman Sachs, as potential advisers or arrangers for Solidigm’s prospective fundraising and IPO process. Strategic review: Recent reports say Solidigm is considering financing and competitiveness measures ahead of a possible Nasdaq listing, while SK Hynix has publicly emphasized that no specific transaction has been confirmed. U.S. manufacturing: Solidigm is reportedly evaluating locations for its first U.S. NAND flash production facility, with upstate New York identified as a leading candidate.