SK Hynix to buy back, cancel US$29 billion worth of treasury shares

56 mins ago

The logo of SK hynix is seen on the main gate of the company's headquarters in Icheon on July 29, 2026. South Korea's SK hynix said on July 29 second-quarter net profit soared a whopping 1,242 percent year-on-year, driven by the artificial intelligence industry's explosive demand for its advanced memory chips. (Photo by Jung Yeon-je / AFP)

SK Hynix said on Wednesday it would buy back and cancel 40 trillion won (US$28.61 billion) worth of treasury shares to boost shareholder returns.

The South Korean chipmaker also said it would spend at least 50 percent of free cash flow generated between 2025 and 2027 on shareholder returns.

The company said it plans to pursue additional shareholder returns through share repurchases, cancellations and dividends, with details on the amount and method to be announced alongside its third-quarter earnings release.

Reuters

SK Hynix buyback treasury South Korea chip

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