Cointime

Cointime

Download App
iOS & Android
Home / Point

SK Hynix Plans 100 Trillion Won Shareholder Returns by 2026

On October 28, regulatory filings revealed that SK Hynix plans to distribute at least 30 trillion won in cash dividends and to repurchase and retire at least 60 trillion won worth of shares by 2026. The share buyback includes a recently completed 40 trillion won stock repurchase.

Comments

All Comments

Recommended for you

  • Changxin Technology Included in Shanghai Composite Index as Top Weighted Stock

    On October 28, according to the website of the China Securities Index Company, Changxin Technology has been included in the Shanghai Composite Index with a weight of 4.67%, making it the largest weighted stock in the index. Agricultural Bank of China and Industrial and Commercial Bank of China rank second and third, with weightings of 3.83% and 3.77%, respectively. Changxin Technology has also been included in the Shanghai STAR Market Composite Index, with a weight of 15.74%, making it the top weighted stock there as well. According to the compilation plan, the weight factor will be adjusted on the next trading day after the second Friday of each month or when the newly included sample weight exceeds 15%.

  • SK Hynix Reports Q3 Sales of 104.62 Trillion Won

    On October 28, SK Hynix reported third-quarter sales of 104.62 trillion won, exceeding expectations of 98.96 trillion won. The operating profit for the third quarter was 83.33 trillion won, higher than the anticipated 77.5 trillion won. SK Hynix plans to repurchase 20 trillion won worth of shares.

  • WTI Crude Oil Drops 1.5% to $100.19 per Barrel

    International oil prices hit a daily low, with Brent crude futures (December contract) trading around $114. WTI crude oil experienced a daily decline of 1.5%, settling at $100.19 per barrel.

  • Meta Falls 1.4%, Plans to Raise $95 Billion for AI Investment

    On October 27, Meta (META.US) fell 1.4%, closing at $621.47. In news, Meta has initiated a public offering to raise approximately $35 billion and plans to raise up to $60 billion through a market offering of a new class of non-voting C shares. Meta stated that these plans will support its ongoing investments in AI infrastructure and personal superintelligence.

  • General Compute Completes $100 Million Series A Funding, Valued at $800 Million

    On October 27, AI computing cloud service provider General Compute announced the completion of a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, with a post-funding valuation of $800 million, up from a valuation of $60 million after its seed round in May. The company was co-founded by Finn Puklowski, who serves as CEO, and focuses on building cloud services using specialized inference chips that compete with Nvidia. Chip suppliers include SambaNova (which previously secured a $400 million procurement agreement), Positron, and Cerebras. The company has signed a major client with an annual recurring revenue of $100 million. Its strategy involves not building large data centers but instead utilizing smaller power sources, renting space in other companies' data centers, and repurposing former Bitcoin mining sites for AI model operations. Puklowski expects to deploy 75 megawatts of computing power by 2027 and to secure 200 megawatts of electricity.

  • US Bitcoin Spot ETF Sees $203 Million Net Outflow in October, Cumulative Net Inflow Reaches $57.4 Billion

    As of October 26, the US Bitcoin spot ETF experienced a net outflow of approximately $203 million, bringing the cumulative net inflow to $57.4 billion.

  • Morgan Stanley: Gold's Hedging Role Needs Reassessment, Still Prefers Metal Assets

    On October 27, the price of gold has fallen from $5,600 per ounce at the beginning of this year to recently dropping below $4,000 per ounce. Despite the weak short-term trend, Morgan Stanley stated that it will maintain gold as the preferred metal asset and set a target price of $5,000 per ounce for the second quarter of 2027.

  • U.S. Stock Market Opens Higher, SK Hynix Rises Over 2%

    On October 27, the U.S. stock market opened with all three major indices rising. The Nasdaq increased by 0.45%, the S&P 500 rose by 0.3%, and the Dow Jones gained 0.04%. SK Hynix saw a rise of over 2% following the release of its Q3 earnings report, which is expected to announce an additional shareholder return plan of 50 trillion to 60 trillion Korean won. Broadcom rose nearly 3% as Anthropic finalized a $63 billion financing deal to purchase Broadcom chips. HSBC Holdings fell over 6%, with Q3 pre-tax profit increasing by 32% year-on-year to $9.6 billion, which was below expectations.

  • Intel to Acquire Quantum Startup Classiq for Approximately $2.3 Billion

    According to market news: Intel (INTC.O) will acquire quantum startup Classiq for approximately $2.3 billion.

  • Putin: We Are Exploring Cooperation Possibilities with American Partners

    On October 27, Russian President Putin stated: We are exploring the possibility of cooperation with American partners. (Jin Shi)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company