November 4, 2025 /SemiMedia/ — SK Hynix is considering strategic options for its US-based SSD subsidiary Solidigm, according to people familiar with the matter. Some internal stakeholders see a potential divestment as one of the viable paths under evaluation.

Solidigm was established in 2021 to operate the NAND and SSD business previously acquired from Intel under a two-stage transaction valued around US$9 billion. The second phase, involving patents and personnel transfers, was completed earlier this year.

Industry sources say the original plan positioned Solidigm as an integrated entity — covering design, production and commercial functions — with an aim to eventually pursue a US listing. However, regulatory constraints later reshaped asset allocation and production responsibilities within the group, affecting the structure Solidigm would need to support a public offering.

Analysts note Solidigm still retains SSD product planning and architectural capabilities, and continued demand in high-capacity storage may still leave room for valuation recovery if several quarters of financial performance improve. But the company’s strategic trajectory will likely be redefined.

The global NAND and SSD landscape remains in transition, with resources increasingly shifting toward higher-value memory for AI and accelerated computing. Market participants say Solidigm’s outcome could become another signal for how NAND capacity will be allocated through 2025–2026.