SK Hynix to Announce Steps to Boost Shareholder Returns on Wednesday
- On Monday, Oct 26, South Korean chipmaker Hynix said it is reviewing shareholder return measures, responding to a Dong-A Ilbo report that it is considering a $12 billion special dividend funded by a Kioxia stake sale.
- Hynix faces investor pressure to return excess cash after record profits from AI-related memory chips, with the proposed dividend following the company's stake sale in Japanese memory chipmaker Kioxia, where it invested about 4 trillion won in 2018.
- Shares rose 3% on Monday morning in Seoul, outperforming rival Samsung Electronics, while Hynix said it paused a planned listing for its Solidigm chip unit due to market volatility.
- Hynix confirmed it is "reviewing various shareholder return measures" and will announce details when it releases quarterly results, aiming to address investor concerns regarding cash allocation.
- Kim Namho, a fund manager at Timefolio Asset Management, said the potential dividend and Solidigm listing decision provide short-term support, but "it is not a factor that will trigger a sustained rise in the stock price.
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Seoul, 28 Oct (EFE).- SK hynix, South Korea's second-largest semiconductor manufacturer and Nvidia's leading supplier, recorded a record net profit of 39.77 billion won (26.684 million euros) in the third quarter of the year, bringing the company up more than 10% on the stock market. According to [...] The entry SK hynix records a record net profit in the third quarter and shoots on the stock market was first published in HolaNews.
Reformatorisch Dagblad
Strong results from major South Korean chip manufacturer SK Hynix pushed Asian stock markets sharply higher on Wednesday. The world's second-largest memory chipmaker saw operating profit more than sevenfold last quarter.
SK Hynix (000660) is reportedly preparing to announce additional shareholder return measures worth 50 to 60 trillion won. Following the recently completed 40 trillion won share buyback, SK Hynix plans to implement a record-breaking 100 trillion won in shareholder returns this year.
The Economic Times
Times of IndiaGlobal Market | SK Hynix weighs $12 billion special dividend ahead of Q3 Results: Reports
SK Hynix said it would announce shareholder-return measures alongside its quarterly results amid reports that it was considering a special dividend funded by gains from its Kioxia stake sale. The review comes as investors push major chipmakers to distribute more cash generated by the AI memory boom through dividends and share buybacks.
Channel News Asia
SK Hynix to announce steps to boost shareholder returns on Wednesday
SEOUL, Oct 26 : SK Hynix said it will announce shareholder return measures on Wednesday when the South Korean chipmaker releases quarterly results, responding to a report that it is considering a special dividend of about 16 trillion won ($12 billion).South Korean newspaper Dong-A Ilbo reported on Monday that
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