SK Hynix’s NAND flash subsidiary, Solidigm, is reportedly in discussions with several investment banks about a potential U.S. initial public offering. The possibility has divided investors: some believe a separate listing could reveal value in the NAND business, which has been overshadowed by SK Hynix’s focus on HBM and DRAM, while others fear it could dilute existing shareholders’ interests.
Acquired from Intel, Solidigm returned to profitability in the first half of 2026, with significant revenue and net profit growth. Supporters say an IPO could prompt investors to reassess SK Hynix’s overall value by highlighting its NAND operations. Critics argue that SK Hynix shareholders, who financed the acquisition and supported Solidigm through its downturn, could have a smaller stake in the subsidiary’s future growth.