Solidigm confirms plans to build a fab in the US, abandons IPO plans

What happened

In an early Friday announcement dated 23 October 2026, SK hynix said it had decided to abandon plans for a potential initial public offering (IPO) of Solidigm, its U.S.-based enterprise SSD subsidiary, citing unfavorable stock market conditions and semiconductor share price trends. At the same time, SK hynix confirmed it plans to build a new fab for Solidigm in the U.S. to address growing demand for enterprise SSDs. SK hynix stated that although an IPO could have helped finance a new fab in the U.S., its subsidiary's expansion remains a priority; the company has discontinued its review of both pre-IPO financing and an IPO and will continue to evaluate alternative funding mechanisms. The source states that the planned fab's capacity, investment requirements, and construction schedule have not yet been disclosed. Solidigm specializes in high-capacity data center SSDs based on floating gate 3D QLC NAND memory, and its existing manufacturing capacity is barely sufficient to address its projected needs.

Impact and signal

Affected components and suppliers

Source and time

Source: Tom's Hardware · 10/23/2026 · View original source