Key facts
- SK Hynix will buy back and cancel 40 trillion won ($28.61 billion) in treasury shares.
- The company plans to return at least 50% of its free cash flow from 2025-2027 to shareholders.
- Shareholder returns will include share repurchases, cancellations, and dividends.
- Details on additional returns will be disclosed with Q3 earnings.
SK Hynix announced its intention to buy back and cancel 40 trillion won, equivalent to approximately $28.61 billion, of its treasury shares. This move is aimed at enhancing shareholder returns.
In addition to the buyback and cancellation, the South Korean semiconductor manufacturer stated that it plans to distribute at least 50% of its free cash flow generated between 2025 and 2027 to shareholders. The company indicated that further shareholder return initiatives, including additional share repurchases, cancellations, and dividends, are planned, with specific details to be revealed alongside its third-quarter earnings report.