SK hynix bought Intel's NAND business for $8.8B in 2021. Now that same business — rebranded as Solidigm — could IPO at a $100B–$150B valuation. That's a potential 10x+ return in three years.
According to Korean media, Goldman Sachs and Morgan Stanley have been tapped to lead a U.S. listing. Some SK hynix shareholders are reportedly pushing back, but nothing is finalized yet.
This is a wild example of how AI has reshaped the storage market. Hyperscalers are buying enterprise SSDs at scale to power data centers, and that demand has turned what was once a commodity business into a high-growth asset.
If the IPO happens anywhere near that valuation, it will be one of the most dramatic value creation stories in recent semiconductor history — and a direct byproduct of the AI infrastructure build-out.
According to Korean media, Goldman Sachs and Morgan Stanley have been tapped to lead a U.S. listing. Some SK hynix shareholders are reportedly pushing back, but nothing is finalized yet.
This is a wild example of how AI has reshaped the storage market. Hyperscalers are buying enterprise SSDs at scale to power data centers, and that demand has turned what was once a commodity business into a high-growth asset.
If the IPO happens anywhere near that valuation, it will be one of the most dramatic value creation stories in recent semiconductor history — and a direct byproduct of the AI infrastructure build-out.