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SK Hynix shares slide after chipmaker scraps Solidigm IPO plans
Shares of South Korean chipmaker SK Hynix's were down as much as 3% in Seoul on Friday morning after the company halted a review of a potential U.S. initial public offering for its subsidiary Solidigm.
AI Summary
SK Hynix shares fell up to 3% on the Seoul exchange Friday after the company announced it was stopping a review of potential pre‑IPO and IPO options for its subsidiary Solidigm. The decision follows an assessment of recent capital‑market conditions and share‑price trends. SK Hynix said it will continue exploring various funding options to finance a new U.S. semiconductor fabrication plant aimed at meeting rising demand for AI memory. The halt reflects the firm’s shift toward alternative financing strategies rather than a public offering.
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