SK hynix (SKHY) Stock: Gains as $29B Share Buyback and Cancellation Plan Unveiled

TLDR SK hynix stock rises after unveiling a $29B share buyback and cancellation plan. SK hynix will repurchase and cancel about 3.3% of its total issued shares globally. SK hynix lifts shareholder returns above 50% of cumulative free cash flow overall. The buyback could become South Korea’s largest treasury share cancellation plan. Strong AI memory [...]

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