SK Hynix announces plans to repurchase 40 trillion won (about $29 billion) of its own shares. The company says the move is intended to calm market concerns and reassure investors as questions persist about how durable demand tied to artificial intelligence spending will be.
The announcement comes after SK Hynix recently raised capital in a U.S. listing, according to NDTV. NDTV reports the company raised $26.5 billion about a month earlier, during a period when market sentiment was boosted by an AI rally. Bloomberg frames the buyback more directly as a response to investor anxiety regarding the durability of AI-related spending. Both accounts agree on the scale of the planned repurchase and the timing relative to the prior fundraising.
