SK Hynix to Buy Back, Cancel $29 Billion Worth of Treasury Shares
The program is the largest treasury share cancellation by a South Korean listed company and lifts the payout target to over 50% of cumulative free cash flow.
- On Wednesday, August 19, 2026, the Board of Directors of SK hynix Inc. approved a resolution to repurchase and fully cancel 40 trillion won of treasury shares, marking the largest such cancellation in South Korean corporate history.
- The Company's decision reflects an assessment that its intrinsic value, driven by business competitiveness and cash generation capability, is underrepresented in its current stock price.
- Based on the closing stock price, the 40 trillion won repurchase represents about 3.3% of total issued shares, supported by the Company's robust financial position of approximately 69 trillion won in net cash.
- SK hynix announced plans to expand its total shareholder return target to "over 50% of cumulative FCF," adopting a dual-track approach of share cancellations and cash dividends.
- Starting Thursday, August 20, the repurchase program is scheduled to run for approximately three months, as the Company aims to execute the initiative ahead of schedule to deliver sustained shareholder value.
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45 Articles
SK Hynix Shares Surge After Announcing a Massive $28.7 Billion Stock Buyback
The company said it is speeding up its 40 trillion won, or roughly $28.7 billion, share repurchase and cancellation program while targeting a significant increase in shareholder returns.
Investors doubt whether the growth is sustainable due to high AI investments. SK Hynix is now supporting the price with a record share buyback. The share reacts significantly.
SK Hynix to buy back $28.6 billion in shares
SK Hynix announced it would buy back and cancel more than $28.6 billion of its shares, as the world’s second-biggest memory chipmaker acted to boost investor confidence after its shares sank Wednesday. Hynix raised more than $26 billion last month, in the largest share sale by a non-US company, as demand for its memory chips soars during the AI boom. However, persistent volatility in its stock price points to enduring investor concerns about the…
SK Hynix Unleashes South Korea’s Biggest-Ever ‘Buyback Bazooka’ To Halt Stock Rout
SK Hynix Unleashes South Korea’s Biggest-Ever ‘Buyback Bazooka’ To Halt Stock Rout Asian equities fell sharply overnight as the regional semiconductor rout intensified following another downdraft in US chipmakers on Tuesday (read morning wrap). Japan, South Korea, and Taiwan led the regional declines, while Chinese stocks also weakened despite the blockbuster IPO of humanoid robotics...
SK Hynix Rises 6% on $29B Buyback, SanDisk Gains 5%, Micron Climbs 3% as Memory Names Rebound
SK Hynix just approved the largest treasury share cancellation in South Korean stock market history, and the move is pulling the entire memory sector off its lows. The real question is whether record capital returns and record fab spending can coexist without one of them breaking.
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