According to a report from the Korean Economic Daily（hankyung）, Solidigm, a NAND flash memory and solid-state drive company, is considering conducting an Initial Public Offering (IPO) in the United States. Solidigm was founded as an independent U.S. subsidiary of SK hynix at the end of 2021, after the first phase of the acquisition of Intel's NAND and SSD business was completed.

Although Solidigm suffered consecutive losses at the beginning of its establishment, its performance has gradually improved due to the growing demand for servers used in AI inference. For the 12 quarters starting from the second quarter of 2021, Solidigm's net profit was negative. However, the company achieved positive operating profit in the first quarter of this year, and the net profit returned to positive in the second quarter. Solidigm is one of the few companies that can provide ultra-high capacity (64TB level) QLC enterprise solid-state drives, and giants such as Amazon, Google, and Dell have placed orders with Solidigm.

Solidigm also plans to launch a 128TB native capacity enterprise solid-state drive in early next year, with a 256TB product in preparation. To cope with the increasing demand for enterprise-level products, Solidigm urgently needs funds to expand its business. In addition, SK hynix is about to pay a $2 billion payment (approximately 20 trillion won) to Intel for the second phase of the acquisition in March 2025 and also needs to recover some funds.

Against this backdrop, executives within the SK Group have proposed a plan to promote Solidigm's listing in the United States. It is estimated that Solidigm's market value could reach between 20 trillion and 30 trillion won. The success of SK hynix's efforts will depend on how the new organization is split and how SK hynix/Solidigm discusses future technology plans.

SK hynix responded, "Solidigm is exploring various development plans but has not yet made a decision."