SK Hynix Unveils 40 Trillion Won Share Buyback Plan
SK Hynix will buy back and cancel 40 trillion won in treasury shares following a recent stock decline. The chipmaker aims to boost returns amid strong AI memory demand.
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SK HYNIX INC announced plans on Wednesday to buy back 40 trillion won ($28.61B) in treasury shares to boost shareholder returns. The aggressive buyback follows a 10% share price drop amid growing investor concern over AI spending sustainability. The move aims to restore market confidence as memory chip demand surges across South Korea and the United States markets.
