SK Hynix Abandons Plan for US Unit Solidigm's IPO Amid Market Volatility

South Korean chipmaker SK Hynix has abandoned plans for an initial public offering of its US subsidiary Solidigm, Reuters and Nikkei Asia reported.

According to the company, the decision to drop the planned stock listing in the United States was made amid increasing volatility in financial markets.

At this stage, the companies have not stated whether a future public listing in the United States or alternative fundraising avenues will be considered, and further details have not yet been released.