SK hynix Stopped Reviewing a Solidigm Listing

SK hynix said on Friday that Solidigm, its memory company in the United States, has stopped reviewing a listing.

It had been looking at a private round, the fundraising that comes before a listing, and a public offering after that. Solidigm set both aside. Markets have been rough and the share price has been falling, the company said, and the business itself looks unchanged.

The listing review is over. The factory is still the plan.

The plants Solidigm runs now cannot meet demand for the memory that goes into AI. It has been planning more production in the United States.

SK hynix was comparing two ways to pay. It could put in its own cash. Or Solidigm could raise money from outside investors, first in private and then through a listing. A listing, the company said, could have paid for the factory and still left room for dividends and for buying back shares.

After the drop in chip shares, this was a hard week to ask what a new Solidigm share is worth.

There is no Solidigm share to buy.

The stock that trades is the parent, SK hynix, in Seoul. Friday’s note gave no date for a factory and no cost. The company said it will keep deciding when to build, how big the project should be, and how to pay. Anyone who owns the Seoul stock is waiting on that bill. A listing would have brought in new investors to share it. Friday leaves the cost with SK hynix while the company looks for another way to pay.