SK hynix, a South Korean memory chipmaker, said on Aug. 19 that it plans to buy back 40 trillion won (US$28.6 billion) of shares under a shareholder return plan.

A regulatory filing said the company may repurchase up to 24 million treasury shares between Aug. 20 and Nov. 19, equal to about 3.4% of its outstanding shares based on current share count data.

The buyback is part of SK hynix’s broader shareholder return program.

The company’s investor relations site shows shareholder return policies for 2019-2021, 2022-2024, and 2025-2027.

In April, the company said it would expand shareholder returns in 2026 through dividends, buybacks, and share cancellations.

The announcement also comes as SK hynix outlined a 1,100 trillion won (US$789 billion) long-term AI memory investment plan funded mainly by operating cash flow.

🔗 Source: Bloomberg

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