SK Hynix's flash memory business Solidigm abandons IPO plan

On October 23, SK Hynix announced that its overseas subsidiary Solidigm had previously considered various financing options to expand production capacity and enhance competitiveness, but after comprehensively taking into account factors such as the capital market environment, it decided to stop pursuing the Pre-IPO and initial public offering plans. It was previously reported that Solidigm planned to conduct a Pre-IPO financing of up to 5 trillion Korean won.