[Earnings Call] SK hynix's Kwak Nojeong: "Solidigm IPO Unlikely to Deliver Expected Benefits"

Kwak Nojeong, CEO and president of SK hynix, said during the company's third-quarter 2026 earnings conference call on Oct. 28, "Solidigm has been reviewing ways to secure the funding needed for growth investments, including expanding new production facilities to meet rising demand. In this process, we expected that accessing external capital through an IPO would help ease the investment burden and expand our capacity to invest."

Kwak No-jung, CEO and president of SK hynix, is being interviewed by reporters at Purdue University in Indiana on Aug. 27 (local time). Yonhap News Agency.

He added, "However, after comprehensively considering recent volatility in financial markets and the share price adjustments in the semiconductor industry, we concluded that it would be difficult to achieve the benefits we had initially expected from an IPO at this time. Accordingly, Solidigm has decided to suspend its review of a pre-IPO and IPO."

He continued, "Solidigm will continue to strengthen its competitiveness in the AI data center storage market and secure growth opportunities. We will pursue investment and financing plans to support this in ways that enhance the corporate value of Solidigm and our company, as well as shareholder value."

This content was produced with the assistance of AI translation services.