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SK Hynix plans $28.6 billion buyback after share price declines

SK Hynix plans $28.6 billion buyback after share price declines

SEOUL, Aug 19 (Reuters) - SK Hynix will buy back and cancel 40 trillion won ($28.61 billion) of treasury shares and allocate more than 50% of free cash flow generated between 2025 and 2027 to boost shareholder returns, it said on Wednesday. 
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SK Hynix Announces $29 Billion Share Buyback and Increased Shareholder Returns

SK Hynix Announces $29 Billion Share Buyback and Increased Shareholder Returns

SK Hynix Announces $29 Billion Share Buyback and Increased Shareholder Returns
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Asian shares gain, with South Korea's Kospi up 6%, after the US Treasury expands its debt buybacks

Asian shares gain, with South Korea's Kospi up 6%, after the US Treasury expands its debt buybacks

Shares are mostly higher in Asia, with South Korea’s benchmark Kospi rebounding more than 6%
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Asian shares advance, led by a nearly 6% gain for South Korea's Kospi

Asian shares advance, led by a nearly 6% gain for South Korea's Kospi

Shares are higher in Asia and South Korea’s benchmark Kospi has gained nearly 6%
Reuters Reuters
SK Hynix to buy back, cancel $29 billion worth of treasury shares

SK Hynix to buy back, cancel $29 billion worth of treasury shares

SEOUL, Aug 19 (Reuters) - SK Hynix said on Wednesday it would buy back and cancel 40 trillion won ($28.61 billion) worth of treasury shares and allocate more than 50% of free cash flow generated between 2025 and 2027 to boost shareholder returns. 
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Shares fall in Asia, with Kospi down 5.2%, while oil prices jump

Shares fall in Asia, with Kospi down 5.2%, while oil prices jump

Shares are sharply lower in Asia after Wall Street pulled further from its all-time high as artificial-intelligence stocks resumed their decline
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South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies'

South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies'

South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies'
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South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies' Amid Surging Global Demand

South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies' Amid Surging Global Demand

South Korea and Taiwan Transition from Tech Rivals to AI 'Frenemies' Amid Surging Global Demand
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Samsung Electronics Raises Foundry Prices by Up to 15% Amid Surging AI Chip Demand

Samsung Electronics Raises Foundry Prices by Up to 15% Amid Surging AI Chip Demand

Samsung Electronics Raises Foundry Prices by Up to 15% Amid Surging AI Chip Demand
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World shares are mixed after US Treasury expands debt buybacks, while Brent crude gains 2.2%

World shares are mixed after US Treasury expands debt buybacks, while Brent crude gains 2.2%

European shares have opened lower after an advance in Asia, where South Korea’s benchmark Kospi gained nearly 6%
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SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says

SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says

By Hyunjoo Jin SEOUL, Aug 20 (Reuters) - South Korean chipmaker SK Hynix has agreed to pay 60% of this year's employee bonuses in shares and the remaining 40% in cash under a preliminary wage agreement, a person familiar with the matter said.
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Memory Chip Boom Sustained by AI Demand, Manufacturers Expand Capacity

Memory Chip Boom Sustained by AI Demand, Manufacturers Expand Capacity

Memory Chip Boom Sustained by AI Demand, Manufacturers Expand Capacity