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SK HYNIX LAUNCHES $29B BUYBACK TO SHORE UP AI BETS

SK Hynix announced a 40 trillion won (~$29 billion) share buyback program, planning to repurchase and cancel up to 24 million treasury shares. The move aims to reassure investors amid concerns about the sustainability of artificial intelligence-driven chip demand.

1 SOURCEFIRST SEEN AUG 19, 09:45 AM► READ THE ARTICLE

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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)

Denny Thomas / Bloomberg: Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury sh…

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