Solidigm, the US NAND flash subsidiary of SK hynix, is pursuing about $5 billion in pre-IPO investment as it prepares a new funding round. Korean reporting says global investors including Blackstone are reviewing participation.
SK hynix is expected to finalize the investor lineup next month after detailed negotiations. The fundraising comes as demand for enterprise solid-state drives rises alongside expanding AI data-center investment.
Industry data cited in the report show sharp recent growth in enterprise SSD sales, strengthening the case for fresh capital in a segment that has become more important to the memory market.
The next markers are the final investor group, the valuation used for the transaction and how the new capital is deployed before any eventual public listing.