SK Hynix, a South Korean chipmaker, has unveiled a shareholder return plan worth $75.4 billion, surpassing market forecasts. The company reported a 7-fold increase in quarterly operating profit to a record high, driven by rising demand for AI infrastructure. SK Hynix will also pursue shareholder returns totalling about 100 trillion won this year, including cash dividends of 30 trillion won and share repurchases and cancellations of 60 trillion won, with 40 trillion won announced in August.
Key points
SK Hynix, a South Korean chipmaker, has unveiled a shareholder return plan worth $75.4 bi…: SK Hynix, a South Korean chipmaker, has unveiled a shareholder return plan worth $75.4 billion, surpassing market forecasts.
The company reported a 7-fold increase in quarterly operating profit to a record high, dr…: The company reported a 7-fold increase in quarterly operating profit to a record high, driven by rising demand for AI infrastructure.
SK Hynix will also pursue shareholder returns totalling about 100 trillion won this year,…: SK Hynix will also pursue shareholder returns totalling about 100 trillion won this year, including cash dividends of 30 trillion won and share repurchases and cancellations of 60 trillion won, with 40 trillion won announced in August.
Sources checked by our analysis pipeline: 1
SEOUL, Oct 28 : South Korean chipmaker SK Hynix reported a more than seven-fold rise in quarterly operating profit to a record high on Wednesday, beating market forecasts, as continued demand for AI infrastructure drove up memory chip prices.
The Nvidia supplier also said it will pursue shareholder returns totalling about 100 trillion won ($75.4 billion) this year, comprising cash dividends of 30 trillion won and share repurchases and cancellations of 60 trillion won, including 40 trillion won announced in August.
SK Hynix reported operating profit of 83.3 trillion won for the July-September period, compared with 11.4 trillion won a year earlier.
That compared with the 76.7 trillion won LSEG SmartEstimate, which is weighted toward estimates from analysts who are more consistently accurate.
Quarterly revenue rose 328 per cent to 104.6 trillion won.
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