SK Hynix's U.S. NAND subsidiary Solidigm is exploring a U.S. listing, aiming to raise 5 to 10 trillion Korean Won in pre-IPO funding, but faces the challenge of a high debt-to-equity ratio of 4484.6%.

Solidigm is reportedly seeking investment interest from global alternative asset management firms and sovereign wealth funds, and has begun recruiting executives responsible for SEC filings and external financial disclosures, according to South Korea's Chosun Ilbo. SK Hynix subsequently clarified that Solidigm is evaluating various options to strengthen its competitiveness, but no specific plans have been finalized yet, and pledged to disclose the latest developments by September 4 at the latest. Solidigm experienced full capital impairment in the first half of 2024, and its wafer fab in Dalian, China, is subject to U.S. export controls, preventing the introduction of advanced equipment and hindering technological upgrades.