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SK Hynix to announce steps to boost shareholder returns on Wednesday
Reuters • • business
Key Points:
- SK Hynix completed a stake sale in Kioxia earlier this year, likely realizing significant investment gains from its initial 4 trillion won investment in 2018.
- The company is considering various shareholder return measures and plans to announce details alongside its third-quarter earnings report.
- SK Hynix's shares have declined from record highs due to investor concerns over the sustainability of AI spending by US tech firms.
- The company announced a 40 trillion won share buyback and plans to allocate over 50% of free cash flow from 2025 to 2027 to enhance shareholder returns.
- SK Hynix paused the planned US listing of its Solidigm chip unit amid market volatility and investor and regulatory concerns affecting its share price.
