SK Hynix said it plans a share buyback worth up to $28.6 billion, according to a Techub News item citing Tech in Asia. The company said the move comes in response to strong demand for its memory chip products tied to the artificial intelligence boom. The proposed repurchase could cover as many as 24 million shares. Based on the figures disclosed in the report, that would account for about 3.4% of the company’s total shares outstanding. The update was published as a short market and technology brief, with no additional operational or timing details disclosed in the source text. The report focused on two points: the size of the planned buyback and the role of AI-related demand in supporting SK Hynix’s memory chip business.
SK Hynix said it plans a share buyback of up to $28.6 billion, according to Techub News, which cited Tech in Asia.
The company said the move is aimed at responding to strong demand for its memory chip products driven by the artificial intelligence boom.
The proposed repurchase could cover up to 24 million shares, or about 3.4% of the company’s total outstanding shares.
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