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SK Hynix’s Bold Share Buyback | Business and Finance News
Description
SK Hynix just pulled off the biggest stock buyback in South Korean corporate history, canceling 40 trillion won (roughly $28.6 billion) to signal confidence in its undervalued stock — and it’s not stopping there. The chip giant is now aiming to return even more cash to shareholders between 2025 and 2027, surpassing its previous 50% free cash flow target through share buybacks, cancellations, and dividends. With $69 trillion in cash reserves and booming AI chip demand fueling profits, SK Hynix is betting big on future growth — even as it invests in two new South Korean fabs and commits 10% of annual profits to employees for a decade. Despite a 10% stock drop after the announcement, shares are up over 100% this year, and the company’s recent Nasdaq IPO remains the largest by a foreign firm in U.S. history.
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