SK Hynix Plans $29 Billion Share Buyback Amid Chip Selloff

SK Hynix revealed plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders. The memory chipmaker will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them. Neil Campling reports on Bloomberg Television. (Source: Bloomberg)

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