SK hynix said on October 1 that no specific decision has been made on funding for its U.S. NAND flash subsidiary Solidigm, following reports that it could seek a U.S. initial public offering as early as next year. Reuters reported September 25 that a listing could value Solidigm at up to $150 billion, or about 210 trillion won. SK hynix said it needs additional investment to expand Solidigm's production capacity and technological competitiveness for high-capacity enterprise SSDs used in AI data centers, but stressed that an IPO is not the only option. The company said it has sufficient financial capacity and will compare internal funding with external investment based on long-term corporate value and the economic interests of existing shareholders. The review comes as SK hynix is simultaneously investing in high-bandwidth memory, server DRAM and enterprise SSDs, increasing the importance of capital allocation. Analysts at Mirae Asset Securities and Daishin Securities said a U.S. listing could give Solidigm access to local capital, lessen funding demands on SK hynix and help address tariff and geopolitical risks. Concerns over an overlapping listing contributed to a decline of more than 5% in SK hynix shares on September 28, while SK Square and SK Inc. also fell. Solidigm's ownership structure, which places it under SK hynix's U.S. subsidiary AI Company, has also intensified scrutiny of SK Group's multilayered control structure.