SK Hynix announces $28.6bn buyback plan to boost stock price

SemiconductorsChipmaker raises shareholder return target to over 50% of free cash flowSK Hynix is expanding production capacity while also pursuing a massive share buyback plan. © ReutersKIM JAEWONAugust 19, 2026 17:55 JSTSEOUL -- SK Hynix announced a 40 trillion won ($28.6 billion) share buyback plan on Wednesday as part of the South Korean memory chip maker's shareholder return program, underscoring the company's confidence in its financial situation after reporting record earnings in the second quarter.