SK Hynix announces nearly $29 billion share buyback with full cancellation 💾 SK Hynix will repurchase around 40 trillion won, equivalent to $28.6–29 billion, between August 20 and November 19, 2026. The program covers 24.07 million shares, or roughly 3.3% of shares outstanding. 📉 All repurchased shares are expected to be cancelled rather than held as treasury stock, reducing the share count and potentially supporting EPS. The company said its current share price does not fully reflect its intrinsic value and cash-generation capacity. 💰 SK Hynix also raised its shareholder-return target from within 50% of cumulative 2025–2027 FCF to above 50%, while continuing to consider higher dividends. 📊 Shares still fell nearly 10% on August 19 amid a broader chip sell-off and elevated bond yields. The buyback could support medium-term valuation, but its impact will still depend on the memory cycle, HBM demand and free cash flow. #SKHynix $SKHYB $SKHYx $SKHY