Refinitiv reported Solidigm, SK Hynix’s US SSD unit, is considering an IPO as early as next year with a potential valuation of up to $150 billion. The unit held banker pitch meetings this week and may seek roughly $15 billion of proceeds, but size and timing are early-stage and market-dependent. Based in California, Solidigm was created after SK Hynix bought Intel’s NAND and SSD business for about $9 billion in 2020 and spun it out in 2021. Solidigm supplies enterprise SSDs to servers, cloud and

Refinitiv reported Solidigm, SK Hynix’s US SSD unit, is considering an IPO as early as next year with a potential valuation of up to $150 billion. The unit held banker pitch meetings this week and may seek roughly $15 billion of proceeds, but size and timing are early-stage and market-dependent. Based in California, Solidigm was created after SK Hynix bought Intel’s NAND and SSD business for about $9 billion in 2020 and spun it out in 2021. Solidigm supplies enterprise SSDs to servers, cloud and data centers and is targeting large-capacity storage for AI workloads. A $150 billion valuation would far exceed recent semiconductor IPOs such as Arm (~$54 billion at listing in 2023) and Cerebras (~$56 billion at IPO in 2026).