SK Hynix Announces $28.6 Billion Share Buyback Amid AI Boom
SK Hynix, a major memory chip maker, has announced a $28.6 billion share buyback and cancellation plan. This move comes as the company experiences a windfall from the booming artificial intelligence sector.
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SK Hynix Announces $28.6 Billion Share Buyback on AI Boom
SK Hynix Inc. said it would buy back 40 trillion won ($28.6 billion) worth of shares as part of a shareholder return plan.
By Denny Thomas
Read full article →SK hynix unleashes W40tr buyback amid AI windfall
SK hynix said Wednesday it will buy back and cancel 40 trillion won ($28 billion) of its own shares, sharply stepping up a shareholder return policy that had struggled to keep pace with the chipmaker's surging earnings and cash generation. The company also raised its shareholder return target for 2025-2027 to more than 50 percent of cumulative free cash flow, from a previous plan to return within 50 percent, and signaled further measures could follow later this year. SK hynix said the buyback wo
By The Korea Herald
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