Solidigm to raise $15 billion in 2027 IPO, sources say

September 26, 2026 at 08:34 AM2 min

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Solidigm, the NAND memory maker owned by SK hynix, plans to raise $15 billion in an initial public offering next year, Reuters reported. The listing could value the company at up to $150 billion, making it the largest semiconductor IPO in U.S. history. Solidigm has begun meeting with investment banks this week, though terms and timing may still change.

Key Facts

Solidigm aims to raise $15 billion in its IPO, which could value the company at up to $150 billion.
The IPO is planned for 2027 and would be the largest semiconductor listing in U.S. history.
Solidigm held meetings with investment banks this week to select underwriters for the offering.
The company is headquartered in California and operates a major NAND plant in Dalian, China, acquired from Intel in 2020 for $9 billion.
Solidigm declined to confirm IPO preparations, saying it is exploring ways to improve business competitiveness.

IPO Plans

Solidigm, the NAND flash memory maker owned by South Korea's SK hynix, is preparing for an initial public offering in 2027. The company aims to raise $15 billion, which would value it at up to $150 billion, according to Reuters. That would make it the largest semiconductor IPO in U.S. history, surpassing Arm's $54 billion valuation at its 2023 listing. Solidigm has begun meeting with investment banks this week to select underwriters for the offering. The terms and timing of the IPO may still be revised, Reuters noted.

Company Background

Solidigm is headquartered in California and was formed from Intel's NAND and SSD business, which SK hynix acquired in 2020 for $9 billion. The company operates a major NAND production facility in Dalian, China, and supplies high-capacity solid-state drives to server system vendors. Solidigm's official representatives declined to confirm the IPO preparations, stating only that the company is exploring various ways to enhance business competitiveness. Recent reports also suggested Solidigm is considering building a memory production plant in New York state. Last month, there were rumors that SK hynix was trying to raise about $3.6 billion for Solidigm before the IPO.