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DevelopingEconomy

SK Hynix record profit and shareholder returns

SK Hynix reported a more than seven-fold jump in Q3 operating profit to a record, beating forecasts on AI-driven memory demand. It announced a major shareholder return plan, reported as roughly $45bn more and $75bn by Reuters' count.

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BloombergWed 28 Oct · 02:45 UTC

SK Hynix unveils plans to return about $45 billion more to shareholders after profit surged a stronger-than-expected…

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Developments

Wednesday 28 October

1 development
  1. 00:00 UTC· the latest

    SK Hynix posts record profit, unveils huge shareholder return plan

    Operating profit rose more than seven-fold on AI memory demand. The WSJ says the plan adds $22bn+ in dividends and about $15bn in buybacks.

    3 sourcesReuters, Techmeme, Bloomberg
    • ReutersBlueskyWed 28 Oct, 00:00

      SK Hynix unveils shareholder return plan worth $75 billion after posting 7-fold jump in Q3 profit South Korean chipmaker SK ​Hynix reported a more than ‌seven-fold rise in quarterly operating profit to a record high on Wednesday, ​beating market forecasts, as continued ​demand f
      The original post
    • TechmemeRSSWed 28 Oct, 02:30

      SK Hynix plans to return $22B+ in dividends and ~$15B in buybacks to shareholders, on top of its ~$30B buyback program completed in August (Kwanwoo Jun/Wall Street Journal) Kwanwoo Jun / Wall Street Journal: SK Hynix plans to return $22B+ in dividends and ~$15B in buybacks to sh
      The original post
    • BloombergBlueskyWed 28 Oct, 02:45

      SK Hynix unveils plans to return about $45 billion more to shareholders after profit surged a stronger-than-expected seven-fold, reflecting the resilience of an AI infrastructure rollout that’s propelling memory chip demand SK Hynix Inc. unveiled plans to return about $45 billio
      The original post