SK Hynix halts Solidigm U.S. IPO review; Q3 profit beats estimates

1. 7:45 PM
   CNBC · TechnologyNews

   SK Hynix reports record third-quarter profit beating analyst estimates

   AISK Hynix reported third-quarter revenue of 104.62 trillion won ($78.86 billion) and operating profit of 83.33 trillion won, both above LSEG SmartEstimates. Revenue rose 327.9% and operating profit 632.1% year on year, driven by demand for HBM chips from Nvidia and AI data center buildout. The company also plans to repurchase 40 trillion won of its shares and paused Solidigm's IPO review.

1. 5:49 PM
   CNBC · TechnologyNews

   Neocloud stocks slide and credit risk rises as Solidigm pulls its IPO

   AINeocloud providers CoreWeave, Nebius and IREN each lost over 30% in October, and CoreWeave's CDS spreads widened past 11%, a distress level. SK Hynix withdrew the planned U.S. IPO of its Solidigm unit, citing market volatility and share price trends. Meta reported negative third-quarter free cash flow and raised its full-year capex floor to $135 billion, while its five-year CDS hit all-time highs.

2. 2:38 AM
   Rohan Paul@rohanpaul_aiX

   SK Hynix halts Solidigm IPO review amid semiconductor stock correction

   AISK Hynix has stopped reviewing both a pre-IPO round and a U.S. IPO for its Solidigm unit, citing market volatility and a broader semiconductor stock correction, according to the Wall Street Journal. The company still says Solidigm's existing plants have limited capacity for AI-driven demand and that it needs a new U.S. fab. SK Hynix shares have fallen about 30% this quarter and more than half since their June record.

   

1. 8:53 PM
   CNBC · TechnologyNews

   SK Hynix scraps Solidigm IPO plans as shares rebound after early losses

   AISK Hynix says it has halted its review of a potential U.S. IPO for subsidiary Solidigm, citing capital market conditions and share price trends. The company says it will explore other financing options for a new U.S. semiconductor fabrication plant as AI memory demand grows, and South Korea's financial regulator had said a U.S. listing could violate local dual-listing rules.

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