Business · Updated 23 Oct, 06:57 pm IST
SK Hynix drops US IPO plan for Solidigm after shareholder opposition
Why it matters for readers: It explains why a major chipmaker chose not to list a US memory business after pushback from shareholders.
- SK Hynix scrapped plans for a US IPO of its Solidigm unit, according to Korea Economic Daily and Reuters coverage.1
- The decision follows shareholder opposition to the proposed US initial public offering.1
- Solidigm is SK Hynix's US-based NAND flash memory and solid-state drive subsidiary, based in Rancho Cordova, California.1
- SK Hynix had said it was reviewing options to strengthen Solidigm's competitiveness but had not made decisions before this report.1
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