The $150 Billion IPO That Depends on a Factory That Doesn’t Exist Yet
On September 26, 2026, three push notifications appeared almost at the same time in Chinese tech media. 36Kr, Cailian Press, and TechFlowPost all said the same thing: Solidigm, a subsidiary of SK Hynix, is considering a U.S. IPO as early as 2027, with a valuation of up to $100 billion. Bloomberg said $100 billion. Reuters said $150 billion. The two figures differ by $50 billion, about the market value of Arm Holdings.