SK Hynix abandons Solidigm IPO and confirms US 3D NAND fab plan

SK Hynix shares closed 4% higher after an early‑session dip as the company halted its review of a U.S. IPO for its Solidigm subsidiary. The chipmaker also confirmed plans to build a Solidigm 3D NAND fabrication plant in the United States. Earlier reports noted the company had been evaluating options to boost Solidigm's competitiveness but had not made a decision.

Why it matters: The shift signals a strategic focus on domestic manufacturing capacity rather than public market financing, affecting supply chains and investment opportunities in the semiconductor sector.

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