---
symbol: "SKHX"
name: "SK Hynix"
date: 2026-10-23
change_pct: 3.708991825613076
direction: "up"
event_type: "other"
url: "https://perplo.app/why/SKHX/2026-10-23"
updated_at: 2026-10-23T15:06:53.050Z
---

# Why SK Hynix (SKHX) rose 3.71% on October 23, 2026

SK Hynix (SKHX) rose 3.71% on October 23, 2026 — Scrapping Solidigm IPO plans supports SK Hynix.

## What happened

SK Hynix rose 1.9% after announcing it has scrapped plans for a US IPO of its Solidigm unit, citing market conditions. Earlier reports had eyed a valuation of up to $150 billion for the listing.

## Why it moved

Dropping the Solidigm IPO removes a near-term overhang, since a listing could have spun off part of SK Hynix's value and forced a valuation reset.

## Why it matters

Within the Korea Tech theme, SK Hynix is the core memory leader riding the AI compute supercycle, and keeping Solidigm in-house preserves its exposure to NAND and AI storage demand.

## What would break the thesis

If SK Hynix reopens the IPO process or the market starts pricing a lower Solidigm valuation later, the relief fades. Memory pricing and AI demand will matter more than this one corporate decision.

## Sources

- [SK Hynix scraps Solidigm IPO plans, citing market conditions](https://www.investing.com/news/stock-market-news/sk-hynix-scraps-solidigm-ipo-plans-citing-market-conditions-4967830) — Investing.com
- [SK Hynix says Solidigm drops plan for US IPO amid market volatility](https://www.investing.com/news/stock-market-news/sk-hynix-drops-us-ipo-plan-for-solidigm-newspaper-reports-4967714) — Investing.com
- [SK hynix drops US IPO plan for Solidigm, once eyed at up to $150 billion valuation](https://investinglive.com/stocks/sk-hynix-drops-us-ipo-plan-for-solidigm-once-eyed-at-up-to-150-billion-valuation/) — ForexLive

---

Trade SKHX perpetual futures 24/7 onchain: https://perplo.app/asset/SKHX