SK Hynix considering listing US subsidiary Solidigm -media report

South Korea's SK Hynix 000660 is considering listing its U.S. subsidiary Solidigm to raise funds to expand production facilities in response to an upturn in memory chip demand, the Korea Economic Daily newspaper reported on Thursday.

The U.S. subsidiary of the world's second-largest memory chip maker produces enterprise solid-state drives (eSSDs) which are facing rapidly growing demand as part of the artificial intelligence boom, the newspaper reported.

SK Hynix's sales of eSSDs rose 50% in the second quarter from the previous quarter, the newspaper reported.

"Solidigm is exploring various options for growth, but no decision has been made yet," SK Hynix said in a statement.

SK Hynix posted its highest quarterly profit since 2018 on Thursday as the Nvidia NVDA supplier said strong AI chip demand would only get stronger, adding that its sales of eSSDs would grow four-fold this year.