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SK hynix weighs Solidigm IPO to fuel US expansion
['Jo He-Rim']
The korea Herald News Rss
SK hynix said it would disclose further details once they are finalized or within one month.
In January, SK hynix committed to invest as much as $10 billion in SK hynix NAND Product Solutions, Solidigm’s parent company.
Other SK Group affiliates, including SK Inc., SK Innovation and SK Telecom, have also participated in financing arrangements.
Mirae Asset estimates that SK hynix could generate about 180 trillion won in free cash flow this year and accumulate net cash of roughly 173 trillion won.
Even after retaining about 100 trillion won as a liquidity buffer, the company could have 70 trillion won to 80 trillion won available for investment or shareholder returns, it said.