Blackstone and other global investment firms are reportedly lining up to invest in Solidigm, the U.S. NAND flash subsidiary of SK hynix. The company seeks to raise $5 billion in a pre-IPO funding round.
Solidigm plans to finalize its investor lineup next month. The deal’s valuation serves as a primary attraction for investors comparing the firm to industry peers.
Rapid AI data center expansion is fueling high-growth prospects for the enterprise solid-state drive (eSSD) market. SK hynix is simultaneously launching a new corporate venture arm to expand into AI computing and data centers.
This funding round marks a strategic step to bolster the company’s presence in the AI memory market.