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#SKHynixLargestBuybackEver #SKHynixLargestBuybackEver is making headlines as the South Korean chipmaker announces a massive ₩40 trillion ($28.6B) share buyback and cancellation program. The move covers around 24.07 million shares, equal to roughly 3.3% of outstanding shares, and is being described as the largest buyback-and-cancellation by a South Korean listed company.
The program is set to run from August 20 to November 19, with SK hynix aiming to return more than 50% of cumulative free cash flow to shareholders through 2027.
The aggressive move signals management’s confidence in the company’s long-term value and the continued strength of AI-driven memory demand. 📈