SK hynix Plans U.S. Solidigm Fab After Ending IPO Review

SK hynix has confirmed plans to build a new U.S. fabrication facility for Solidigm, its enterprise SSD subsidiary. The company says the project is intended to address rising demand for enterprise drives. The confirmation follows SK hynix's decision to stop evaluating a potential Solidigm IPO, citing market conditions and semiconductor share-price trends. SK hynix says expansion remains a priority, but the source does not disclose the fab's location, cost, capacity or construction schedule.