SK Hynix Unit Solidigm Considers US IPO in 2027 at Up to $150 Billion Valuation

SK Hynix's US subsidiary Solidigm is weighing an initial public offering on American markets as early as 2027 that could value the NAND memory and enterprise SSD specialist at up to $150 billion, according to sources cited by Reuters and Bloomberg. The company is in talks with potential advisers about the listing, and the offering could raise approximately $15 billion, which would make it the largest US semiconductor IPO on record.

Solidigm was formed from SK Hynix's acquisition of Intel's NAND flash memory and storage business, a deal agreed in 2020 and subsequently branded under the Solidigm name. The unit has been a beneficiary of surging AI-driven demand for high-capacity data-center storage, which has underpinned the growth that makes the prospective valuation possible.

SK Hynix itself completed a landmark US listing in July 2026, raising roughly $26.5 to $28 billion in what became a record IPO for a foreign company on US markets. A separate Solidigm listing would allow SK Hynix to raise additional capital while retaining control of the subsidiary, with proceeds potentially supporting further US manufacturing expansion at a time when Washington has pressed South Korean chipmakers to build more production capacity domestically.