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Series of events · SK Hynix
SK Hynix seeks China clearance, cancels IPO, beats profit estimates
SK Hynix pursued a US permit for China equipment, reportedly scrapped a Solidigm listing, and posted strong quarterly profits.
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What happened, in order
Times are Eastern-
Where it began
China permit request
SK Hynix asked the US for authorization to ship semiconductor equipment to China, stating it is needed for a new American plant.
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Turning point
Solidigm IPO canceled
SK Hynix reportedly canceled its plan to list Solidigm on the Nasdaq after investors warned of ownership dilution and valuation impact.
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Latest
SK Hynix reported third-quarter operating profit of 83.33 trillion won, beating the 77.5 trillion won estimate, with sales at 104.62 trillion won.
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How they connect
The company first sought US permission for equipment shipments to China. It then reportedly abandoned a planned Nasdaq listing for its Solidigm unit before reporting quarterly results that exceeded profit expectations.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.