Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › SK Hynix Plans $29 Billion Share Buyback Amid Chip Selloff
Business & Finance

SK Hynix Plans $29 Billion Share Buyback Amid Chip Selloff

Bloomberg Technology Wednesday 19 August 2026, 09:44 UTC 1 min read
Key Points

SK Hynix revealed plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders. The memory chipmaker will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them. Neil Campling reports on Bloomberg Television.

SK Hynix revealed plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders. The memory chipmaker will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them. Neil Campling reports on Bloomberg Television. (Source: Bloomberg)
SK Hynix (ORG) Hynix (PERSON) treasury (ORG) Neil Campling (PERSON) Bloomberg Television (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Technology Read original →

Related Stories

Personalized cancer vaccine from Moderna, Merck shows promise in first late-stage melanoma trial

An experimental personalized cancer vaccine from Merck and Moderna showed positive initial results in its first-ever late-stage trial, the companies announced Wednesday, bringing them one step closer to filing for approval of the treatment option. The mRNA-based shot in combination with Merck's immunotherapy Keytruda met key goals in the phase three trial in more than 1,100 patients with higher-risk or advanced melanoma whose detectable cancer had been completely removed through surgery....

CNBC 10m ago

Saudis Give Full Oil Allocations to at Least Three Europe Buyers

Saudi Aramco has notified at least three European oil refiners that will supply full contractual crude volumes next month, easing concerns about the region’s supply concerns while crude flows from the Persian Gulf and Red Sea are disrupted.

Bloomberg Markets 21m ago

Target’s grocery overhaul is helping it win back customers

The retailer has added more snacks and changed up its presentation as it tries to become a destination for food purchases.

MarketWatch 25m ago

HKEX Sees Strong IPO Pipeline With International Firms

Initial public offering pipeline remains strong with close to 10 international companies, Hong Kong Exchanges & Clearing Ltd. CEO Bonnie Chan told Bloomberg TV's Minmin Low on Wednesday (Source: Bloomberg)

Bloomberg Markets 26m ago