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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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