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SK Hynix subsidiary Solidigm is considering a U.S. initial public offering as early as next year that could value the semiconductor storage company at as much as $150 billion, according to a Reuters report on Friday.
The California-based chipmaker reportedly held meetings this week with investment banks seeking roles in the potential Solidigm IPO. If completed at the proposed scale, the transaction could become the largest semiconductor listing ever in the United States.
Solidigm may seek to raise around $15 billion through the offering. However, discussions remain at an early stage, and the final valuation, fundraising target and IPO timeline could change depending on financial market conditions.
A public listing would establish a standalone market valuation for Solidigm, which has become an important part of South Korean chip giant SK Hynix’s NAND flash memory and enterprise storage business. Growing demand for data center infrastructure and artificial intelligence computing has increased the importance of high-capacity storage products across the semiconductor industry.
Headquartered in Rancho Cordova, California, Solidigm develops NAND flash memory products and solid-state drives, with a particular focus on enterprise SSDs used in servers, cloud computing infrastructure and large-scale data centers. The company has increasingly emphasized high-capacity storage solutions designed to handle the expanding data requirements of AI applications.
Solidigm traces its origins to SK Hynix’s acquisition of Intel’s NAND memory and SSD operations. SK Hynix announced the approximately $9 billion transaction in 2020 and launched Solidigm as a standalone U.S.-based subsidiary in 2021.
The potential IPO comes as artificial intelligence investment continues to reshape the semiconductor market, driving demand not only for advanced processors but also for the memory and storage infrastructure needed to support AI workloads.
A $150 billion valuation and $15 billion fundraising target would place Solidigm’s proposed offering among the most significant semiconductor IPOs on record while potentially unlocking substantial value from SK Hynix’s U.S. storage operations.
