SK Hynix Posts Record Profit, Announces More Than $25 Billion in Shareholder Returns
Photo: TokenPost
SK Hynix posted its highest quarterly profit on record, beating estimates as the South Korean chipmaker reported results Wednesday. The company also announced a shareholder-return package worth more than $25 billion. It combines dividends with stock buybacks. Memory and AI-related shares moved higher in U.S. premarket trading Wednesday. The results follow a third-quarter profit outlook for Samsung Electronics and SK Hynix . John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
