SK Hynix has abandoned its plan for a U.S. IPO of its memory subsidiary, Solidigm. LYNX Equity Strategies analysts stated in an October 23 report that this move eliminates a potential source of supply expansion in the NAND flash market. The IPO was intended to raise funds for U.S. capacity expansion, which could have increased global supply in three years or more. The cancellation of this plan is a substantial positive for Micron Technology and SanDisk, helping to support industry pricing. However, analysts cautioned that the current market environment might limit the actual upside for both companies' stock prices. Intel could face a minor negative impact as a result. On Friday, Micron closed up 2.46%, while SanDisk closed down 1.82%.