Solidigm, the U.S. NAND flash subsidiary of SK hynix, is seeking $5 billion in a pre-IPO funding round. Global investment firms including Blackstone are reportedly evaluating participation. SK hynix expects to finalize the investor lineup within the next month.
The funding round targets growth in the semiconductor sector, specifically for AI data center infrastructure. Demand centers on enterprise solid-state drives (eSSDs) utilizing Solidigm’s high-capacity QLC technology. This technology provides enhanced storage density and cost efficiency for AI applications.
Solidigm plans to pursue a Nasdaq listing following the completion of this fundraising round. This public offering will provide a liquidity path for pre-IPO investors.