SK Hynix (NASDAQ:SKHY) rose about 4% to $136.58 in morning trading after the company halted plans for a U.S. IPO of its Solidigm flash-memory unit. The decision followed South Korean regulatory questions about whether a separate listing could amount to a duplicate listing and dilute minority shareholders, along with recent market volatility. SK Hynix said Solidigm’s growth outlook and investment needs are unchanged, and the company continues to evaluate alternative financing options for expanded U.S. capacity. Memory peers recovered from a steep markdown in the prior session, with Micron rising roughly 1% to $864 and SanDisk about 2% to $1,279.93. SK Hynix plans to provide more detail on capital allocation when it reports third-quarter results on October 28.
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IPOsemiconductorsMicronSouth Korea
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.47 |
| Change that session | -2.86% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/22/2026 | 212.21 |
| Change that session | -4.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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