SK Hynix subsidiary Solidigm is preparing for financing, with a target valuation of KRW 50 trillion

According to South Korean media reports, Solidigm, a subsidiary of SK Hynix, is preparing for pre IPO financing with a target valuation of KRW 50 trillion. Solidigm is a subsidiary established by SK Hynix in the United States in 2021 after acquiring Intel's NAND flash and SSD businesses for KRW 10 trillion in 2020.