Finance1 min read

Report: SK Hynix gained ~$15B from selling down its Kioxia stake earlier this year, and plans to return ~$12B to shareholders via a special dividend (Bloomberg)

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In short

### Briefing SK Hynix, a South Korean semiconductor company, has announced plans to return approximately $12 billion to its shareholders through a special dividend. This move follows a significant sale of its stake in Kioxia, a Japanese semiconductor company, earlier this year, resulting in a gain of around $15 billion. The company aims to distribute this portion of its profits to its shareholders, providing them with additional financial benefits.

Key points

  • ### Briefing SK Hynix, a South Korean semiconductor company, has announced plans to retu…: ### Briefing SK Hynix, a South Korean semiconductor company, has announced plans to return approximately $12 billion to its shareholders through a special dividend.
  • This move follows a significant sale of its stake in Kioxia, a Japanese semiconductor com…: This move follows a significant sale of its stake in Kioxia, a Japanese semiconductor company, earlier this year, resulting in a gain of around $15 billion.
  • The company aims to distribute this portion of its profits to its shareholders, providing…: The company aims to distribute this portion of its profits to its shareholders, providing them with additional financial benefits.

Sources checked by our analysis pipeline: 1

Elizabeth Chamberlain / iFixit News: |

Elon Musk / @elonmusk: |

Mark Gurman / Bloomberg: |

Michael Roddan / The Information: |

Ann Davis Vaughan / The Information: |

Tom Matsuda / Financial Times: |

Maria Curi / Axios: |

Terrence O'Brien / The Verge: |

Bloomberg: |

Bloomberg: |

Torsten Slok / Apollo Global Management: |

Hartley Charlton / MacRumors: |

Bloomberg: |

Ryan Lawler / Axios: |

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Cailey Gleeson / Fierce Healthcare: |

Carl Franzen / VentureBeat: |

Dominic Chopping / Wall Street Journal: |

Jay Peters / The Verge: |

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