AIBloomberg1h ago
Report: SK Hynix gained ~$15B from selling down its Kioxia stake
Report: SK Hynix gained ~$15B from selling down its Kioxia stake earlier this year, and plans to return ~$12B to shareholders via a special dividend
TL;DRSK Hynix made $15B selling Kioxia shares, returning $12B to shareholders as special dividend.
Why it matters: Signals chip makers are monetizing assets amid AI boom uncertainty; affects investor returns in memory sector.
SK Hynix Inc.'s shares bucked a broad selloff in AI-related stocks thanks to the prospect of a hefty dividend payout related …
Read full articleSource: Bloomberg · Opens in new tab