TechBloomberg Tech1h ago
SK Hynix Plans $12 Billion Dividend From Kioxia Gains: Report
TL;DRSK Hynix will pay shareholders $12 billion from profits off selling its Kioxia stake.
Why it matters: Signals chipmakers are returning capital amid memory chip market recovery and competitive consolidation pressures.
SK Hynix Inc. plans to return about 80% of the gains from selling down its stake in Japan’s Kioxia Holdings Corp. to shareholders through a special dividend of about 16 trillion won ($12 billion), the DongA Ilbo newspaper reported.
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