SK Hynix unit Solidigm mulls IPO as early as next year, target valuation up to $150B
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Japanese stocks rose sharply in morning trading, with the Nikkei 225 index gaining 0.93%. The rally followed the release of Japan's August corporate services price index, which rose 3.7% year-on-year, slightly above the previous 3.6%. Bank of Japan meeting minutes showed several members noted that core inflation is approaching 2% and that price growth needs to be monitored at that level. One member stressed the importance of watching whether long-term inflation expectations stabilize around 2%. Separately, South Korea's KOSPI fell 0.67%. In corporate news, SK Hynix subsidiary Solidigm is reportedly considering an IPO as early as next year, aiming to raise $15 billion at a potential valuation of up to $150 billion. Solidigm is also evaluating building its first NAND flash production facility in the United States, complementing its existing factory in Dalian, China. The report, attributed to Reuters via Zhongxin Jingwei, also noted that SK Hynix acquired Intel's NAND business in October 2020 for approximately $8.85 billion. US stocks closed higher on Friday, with the Nasdaq up 0.48%.
Source report
Japan Stocks Rally on Economic Data
Japanese stocks strengthened in early trading on Monday. As of press time, the Nikkei 225 index expanded its gains to 0.93%.
Key Economic Indicators
- Japan's August Corporate Services Price Index (CSPI) rose 3.7% year-on-year, compared to the previous reading of 3.60%.
Bank of Japan Meeting Minutes
According to the Bank of Japan's meeting minutes:
- Multiple members noted that recent core inflation is approaching 2%, and attention should be paid to stabilizing price growth around that level.
- One member stated that it is necessary to monitor whether long-term inflation expectations will stabilize at around 2%.
Corporate Developments
Over the weekend, Japan's JX Metals announced plans to increase production capacity for sputtering targets to meet demand from the hard disk drive manufacturing sector.
South Korea Market Mixed
The Korea Composite Stock Price Index (KOSPI) was down 0.67% as of press time.
Bank of Korea Statement
The Bank of Korea stated that South Korea's economic fundamentals remain solid and that it will closely monitor financial and foreign exchange markets.
SK Hynix and Solidigm IPO News
Citing a Reuters report, China's National Business Daily (中新经纬) reported that Solidigm, a subsidiary of memory giant SK Hynix, is considering an initial public offering (IPO) as early as next year. Key details include:
- Target fundraising: $15 billion
- Potential valuation: Up to $150 billion
Solidigm's U.S. Expansion Plans
Earlier, Solidigm was evaluating the construction of a NAND flash memory production facility in the United States. The company is reportedly examining potential sites and supporting infrastructure in the eastern U.S., with plans to establish a NAND mass-production line. This would be Solidigm's first NAND production base in the U.S.
Currently, Solidigm's existing mass-production factory is located in Dalian, China. The company's U.S. operations are limited to its headquarters and R&D center.
Background: Intel-SK Hynix Deal
In October 2020, Intel sold its NAND memory business to SK Hynix for a total transaction value of approximately $8.85 billion.
U.S. Market Recap (Friday, September 25)
All three major U.S. stock indexes closed higher on Friday, with the Nasdaq Composite Index rising 0.48%.
Tech Stock Performance
Large-cap tech stocks showed mixed results. Microsoft announced it is embedding its Office applications—Word, Excel, and PowerPoint—directly into Copilot, allowing users to collaborate on these applications without leaving the AI tool.
Memory Chip and Storage Stocks
Memory chip and data center storage stocks broadly rose:
- SK Hynix: +2.78%
- Qualcomm: Up
- Western Digital: Up
- SanDisk: Up
(Source: Securities Times / 证券时报)
Source
东方财富网-市场快讯Eastern
Part of this Story
**Japan Stocks Rally on Services Price Data; SK Hynix Unit Solidigm Eyes $15 Billion US IPO**