Shares of South Korean chipmaker SK Hynix fell up to 3% in Seoul on Friday after the company announced it would halt its review of a potential US initial public offering for its subsidiary, Solidigm. The decision comes as financial market volatility and regulatory concerns in South Korea clouded the listing's prospects, even as the company faces pressure to expand US manufacturing capacity to meet growing AI memory demand.
company
Solidigm
Subsidiary of SK Hynix focused on NAND flash memory