LYNX Equity Strategies analyst KC Rajkumar's team said on October 23 that SK Hynix's abandonment of its Solidigm initial public offering plan in the US may benefit Micron Technology and SanDisk because this decision reduces the risk of future global NAND flash memory oversupply. The agency pointed out that Solidigm originally planned to support the expansion of NAND manufacturing capacity in the US through US listing financing. Potential projects may be built in a joint venture between SK Hynix and Intel, including the Intel Ohio campus. The additional production capacity is expected to enter the market after three years or more, and may increase global NAND supply and lower prices. With the cancellation of the IPO plan, related production expansion projects lost potential sources of financing, helping to ease market concerns about future capacity growth. LYNX believes that this usually clearly favors the pricing and valuation of Micron and SanDisk products, but the current market environment may limit the room for stock price increases; Intel may be slightly negatively affected by losing potential manufacturing projects.

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