Amid the artificial intelligence boom, memory makers have become the focus of investors’ attention, and it would be a shame not to take advantage of this to attract capital. Apparently, SK Hynix affiliate Solidigm, which inherited Intel’s solid-state memory business, has similar claims. Plans to go on the market next year Report Reuters.
Image source: Solidigm
Solidigm plans to raise $15 billion through the IPO, and its capital may increase to $150 billion, sources said. This week, Solidigm representatives held meetings with investment banks seeking to participate in preparations for what could be the largest IPO in the U.S. semiconductor industry. In particular, Arm Holdings’ market value will reach US$54 billion after the rights issue in 2023. As Reuters highlighted, the terms of the IPO, including its timing, can still be modified.
Solidigm is headquartered in California, but is nominally owned by South Korea’s SK Hynix, whose large NAND production facility is in Dalian, China, which it acquired in a $9 billion deal in 2020. Solidigm now supplies high-capacity solid-state drives to server system vendors. Official representatives of Solidigm responded to the Reuters report by only making a statement about studying various methods to improve the competitiveness of the company’s business, and refused to directly confirm the fact that IPO preparations have begun. Let’s recall that Solidigm was also recently rumored to be interested in building a memory production plant in New York state. Rumors also surfaced last month that SK Hynix was trying to raise about $3.6 billion from Solidigm before going public.
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