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● TRACKER Updated 26d ago · 6 sources tracked

SK Hynix shares surge over 12% in Seoul after announcing massive stock buyback

SK Hynix shares rose more than 12% in Seoul after the company announced a share buyback valued at approximately $29 billion. The move follows a decline in share prices and aims to stabilize the market. This initiative is part of a broader trend of record shareholder returns from memory-chip makers during the AI boom, with Samsung also planning a return program exceeding $72 billion. While SK Hynix seeks to address valuation gaps, rival Micron is not currently engaging in similar stock buybacks.

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  • ✓ SK Hynix shares increased by more than 12% in Seoul.
  • ✓ SK Hynix announced a share buyback plan valued between $28.6 billion and $29 billion.
  • ✓ The buyback follows a decline in the company's share price.
  • ✓ Samsung is planning a shareholder return program of more than $72 billion.
🛡️ Source Corroboration: 6 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

SK Hynix announced a $28.6 billion to $29 billion share buyback to support its stock price.

Live updates

  1. SK Hynix Shares Jump Over 12% Following $29 Billion Buyback Plan

    SK Hynix shares rose more than 12% in Seoul after the company announced a share buyback valued at approximately $29 billion. The move follows a decline in share prices and aims to stabilize the market. This initiative is part of a broader trend of record shareholder returns from memory-chip makers during the AI boom, with Samsung also planning a return program exceeding $72 billion. While SK Hynix seeks to address valuation gaps, rival Micron is not currently engaging in similar stock buybacks.

    Why it matters

    The memory-chip sector is seeing increased shareholder payouts driven by the AI boom. SK Hynix previously attempted to address a valuation discount relative to Micron through a U.S. listing, which failed to resolve the issue.

    What is confirmed

    • SK Hynix shares increased by more than 12% in Seoul.
    • SK Hynix announced a share buyback plan valued between $28.6 billion and $29 billion.
    • The buyback follows a decline in the company's share price.
    • Samsung is planning a shareholder return program of more than $72 billion.

    Still unconfirmed

    • JPMorgan suggests SK Hynix may add another $130 billion to returns.
    • The buyback is intended to fix a Micron discount that a U.S. listing did not resolve.

    What to watch next

    • Confirmation of the total final value of the buyback program
    • Updates on Samsung's $72 billion shareholder return execution
    • Any shift in Micron's policy regarding stock buybacks
    Sources used for this update (11)
    1. CNBC — SK Hynix shares surge over 12% in Seoul after announcing massive stock buyback
    2. Yahoo Finance — SK Hynix May Add Another $130 Billion to Returns, JPMorgan Says
    3. Bloomberg.com — SK Hynix Moves to Calm Market With $29 Billion Share Buyback
    4. Barron's — SK Hynix’s U.S. Listing Didn’t Fix Its Micron Discount. Now It Has a New Plan.
    5. Reuters — SK Hynix plans $28.6 billion buyback after share price declines
    6. Bloomberg.com — Samsung, SK Hynix Plan Record Shareholder Returns in AI Boom
    7. Reuters — Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports
    8. Yahoo Finance — SK Hynix stock jumps amid $29B treasury buyback plan
    9. Barron's — Why Micron Investors Are Missing Out on the Great Memory Stock Buy Back
    10. WSJ — Spencer Jakab | The Curious Case of SK Hynix’s Buyback
    11. Barron's — Why Micron Isn’t Buying Back Stock Like Memory-Chip Rivals SK Hynix, Samsung
    confidence 95%
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