TechBloomberg Tech1h ago
SK Hynix Moves to Calm Market With $29 Billion Share Buyback
TL;DRSK Hynix spending $29 billion to buy back its own stock amid AI demand concerns.
Why it matters: Signals chip makers uncertain AI boom will sustain; affects semiconductor valuations industry-wide.
SK Hynix Inc. unveiled plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders in an effort to calm worries about the durability of AI spending.
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