SK Hynix Cancels Solidigm IPO Amid Regulatory Opposition and AI Market Unease

SK Hynix Inc. has scrapped plans for a potential US$10 billion U.S. listing of its Solidigm unit, citing strong opposition from regulators and shareholders, and growing investor unease over the artificial intelligence (AI) boom. The South Korean chipmaker's decision follows domestic regulatory scrutiny regarding potential dilution of share value for minority investors and complications in SK Group's ownership structure.