SK Hynix just announced a massive $28.6B buyback — and they're canceling those shares permanently. That's roughly 58% of their 69 trillion won net cash pile.
They're also raising shareholder returns to over 50% of free cash flow through 2027, fueled by record profits from AI memory chips.
$SKHY (the US-listed ADR) jumped 8% in premarket. When a company sits on that much cash and decides to return it aggressively, the market tends to notice.
This is what confidence looks like when your product (AI memory) is in high demand and margins are strong.
They're also raising shareholder returns to over 50% of free cash flow through 2027, fueled by record profits from AI memory chips.
$SKHY (the US-listed ADR) jumped 8% in premarket. When a company sits on that much cash and decides to return it aggressively, the market tends to notice.
This is what confidence looks like when your product (AI memory) is in high demand and margins are strong.