SK Hynix Drops U.S. IPO Plan for Solidigm Amid Market Turmoil
SK Hynix has halted a review of a U.S. listing for its Solidigm unit, citing market volatility and weaker share prices, Dow Jones Newswires reports.
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what happened
South Korea's SK Hynix, the world's second-largest memory chipmaker, has suspended its review of a U.S. stock listing for its Solidigm subsidiary. The company announced the decision on Friday, according to Dow Jones Newswires.
SK Hynix said the move reflects market conditions and share price trends. Its shares fell as much as 4.2% in early Seoul trade, are down about 30% this quarter according to LSEG data, and have roughly halved in market value from the June peak. The company said it will keep assessing investment timing and financing methods to support Solidigm's growth.
why it matters
The decision signals cooling appetite for IPOs tied to artificial intelligence. Firmus Grid cancelled a planned listing of almost $5 billion, and Airtrunk delayed a Singapore listing to the first half of next year. Investors are increasingly doubting whether huge AI spending will pay off, a worry that has lifted valuations across the AI supply chain.
market impact
SK Hynix and AI supply-chain stocks: weaker IPO demand adds pressure on the semiconductor sector.
tags
instruments
sources
- SK Hynix Pulls Plug on Memory-Chip Unit U.S. IPO On Market Jitters —Update — Dow Jones Newswires, 23 October 2026 at 01:40 UTC
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