This move aims to respond to market expectations for the rapid growth of its AI memory business and drive stock price recovery
SK Hynix plans to announce an additional shareholder return program worth KRW 50 trillion to KRW 60 trillion (approximately USD 38 billion to USD 45 billion) on October 28, the same day as its Q3 earnings release, according to a report by the Seoul Economic Daily on the 26th. Including the recently completed KRW 40 trillion in treasury stock buybacks and cancellations, the company's total shareholder returns this year will reach KRW 90 trillion to KRW 100 trillion, setting a new historical record and representing about seven times last year's amount. The current plan primarily takes the form of special dividends, and it is also understood that the company is considering additional share buybacks and cancellations to meet the demands of institutional and foreign investors. This move aims to respond to market expectations for the rapid growth of its AI memory business and drive stock price recovery.
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