# SK Hynix proposes $29 billion share buyback and cancellation

_Published Wednesday, August 19, 2026 at 10:08 AM EDT · Products · Latest · Tier 1 — Major_

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.

## Sources

- [Techmeme](https://www.techmeme.com/260819/p8#a260819p8)

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Canonical: https://techandbusiness.org/newswire/kOOXlLYTcz_ccSMG1u1RBJ
Published: 2026-08-19T14:08:06.185Z
Story chronology: 2026-08-19T09:45:01.000Z
Retrieved: 2026-10-03T19:14:45.529Z
Publisher: Tech & Business (techandbusiness.org)