Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending (Denny Thomas/Bloomberg)
SK Hynix is using capital returns to answer doubts around the AI buildout.
The filing says the company plans a roughly $29 billion share buyback. It would repurchase and cancel up to 24 million treasury shares. The move is framed as an effort to steady investor concern over whether AI-related spending can last. Techmeme's note
The filing says the company plans a roughly $29 billion share buyback. It would repurchase and cancel up to 24 million treasury shares. The move is framed as an effort to steady investor concern over whether AI-related spending can last. Techmeme's note
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