Source: International Business Times
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. Getty Images Shares of SK Hynix surged more than 12% in Seoul on Thursday after the South Korean chipmaker announced plans to accelerate a massive stock buyback, giving investors another reason to pile back into semiconductor stocks after several volatile trading sessions.
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