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SK hynix will build a US semiconductor fab for Solidigm to address AI storage demand but has shelved potential IPO plans due to market volatility. The company keeps expansion intact while evaluating other funding options like internal cash or borrowing.
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Summary by ByteBrief
SK Hynix Scraps Solidigm US IPO Plans

SK Hynix says its SSD subsidiary Solidigm has halted a review of a potential US IPO to fund a new US chip fab, citing "market conditions and share price trends" (P.R. Venkat/Wall Street Journal)

Solidigm Abandons IPO Plans for US Fab