SK Hynix has decided not to pursue an initial public offering (IPO) for its subsidiary Solidigm in the United States, the Korea Economic Daily reported on Friday, citing unnamed industry sources. This move comes as South Korean regulators intensify their scrutiny of duplicate listings by parent and subsidiary companies. Both the Governor of the Financial Supervisory Service and the Chairman of the Financial Services Commission previously stated that Solidigm's U.S. listing might fall under South Korea's regulations on duplicate listings and emphasized SK Hynix's obligation to protect shareholder interests. Solidigm was formed by integrating Intel's NAND flash and SSD business after its acquisition by SK Hynix. It had previously considered listing on Nasdaq as early as 2027, with a potential valuation of up to $150 billion. SK Hynix stated on October 1 that it had not yet made a decision regarding Solidigm's capital operations. The news of abandoning the U.S. IPO suggests a potential adjustment in its financing arrangements, but the company has not yet publicly confirmed this decision.