SK Hynix has shelved plans for a potential U.S. IPO of Solidigm amid market volatility and share price concerns.
The news comes weeks after SK Hynix said it was reviewing various options to strengthen Solidigm's competitiveness, but that no decisions had been made.
Solidigm was created from the business SK hynix acquired from Intel and sells enterprise solid-state drives.
SEOUL -- SK Hynix has abandoned plans for a New York IPO for its U.S. unit, days after South Korea's financial regulators said the chipmaker's move would contravene a duplicate listing ban.
South Korean memory maker cancels intended float of former Intel NAND flash memory unit amid opposition from its own investors
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