SK Hynix shares closed 4.4% higher after falling as much as 3% earlier in the session, as the chipmaker halted its review of potential pre-IPO fundraising and IPO options for U.S. subsidiary Solidigm. The move follows regulatory scrutiny in South Korea, where the financial regulator reportedly said a potential U.S. listing of Solidigm could violate the country’s dual listing rules. SK Hynix said Solidigm’s investment needs remain unchanged and that it would continue exploring alternative financing options to support the subsidiary’s growth and enhance shareholder value. SK Hynix Inc.
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