SK Hynix to return $75 billion to shareholders after record AI-fueled quarter
Photo: Crypto Briefing
The South Korean memory maker says its HBM and DRAM output is sold out through 2029 as AI demand outruns supply SK Hynix plans to hand about $75 billion back to shareholders this year. The announcement came Wednesday, alongside a quarterly profit that jumped more than seven-fold. The South Korean memory chipmaker credited demand from AI infrastructure, which has pushed memory chip prices sharply higher. It also offered a supply outlook that runs directly against a growing worry on Wall Street: that the AI spending boom is running out of road.
Source: Crypto Briefing
