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SK Hynix proposes $29 billion share buyback and cancellation

SK Hynix unveiled plans to buy back 40 trillion won, about $29 billion, of stock and repurchase and cancel up to 24 million treasury shares, according to the supplied filing summary. The company framed the proposed shareholder return against concerns about the durability of AI spending. The summary does not give a timetable or execution conditions.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Security Capital
Security Capital

Reco raises $55M extension for enterprise AI agent security

Reco raised a $55M Series B extension, bringing its total funding to $140M, TechCrunch reported. The company's technology helps enterprises secure and govern AI agents across software-as-a-service environments, where businesses ar...

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AI Capital
AI Capital

Relay raises $36M for AI communications used by frontline workers

Relay raised $36M to help businesses capture information from frontline work, SiliconANGLE reported. The startup develops cloud-hosted radio communicators powered by AI for frontline workers. Relay says its aim is to capture what ...

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Capital Products
Capital Products

Ultraviolette raises US$85 million and plans US entry in 2027

Electric motorcycle maker Ultraviolette raised US$85 million in funding led by Yali Capital and TDK Ventures and says it plans to enter the US market in 2027, New Atlas reported. The capital will support manufacturing of its F77 a...

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Security
Security

ShinyHunters member reportedly detained in Jordan over FBI breach

ShinyHunters member Saif al-Din Khader, known as "Rey," was detained in Jordan and is cooperating to identify other hackers involved in the FBI breach, Reuters reported, citing sources. The hacking group claims to have stolen data...

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