Business

SK Hynix to Launch $29 Billion Buyback

Updated 2026-08-19 12:55 UTC 1 source Neutral

South Korean memory-chip company SK Hynix is suggesting its stock is undervalued and plans a significant buyback worth $29 billion following recent market selloffs.

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MarketWatch

SK Hynix suggests its stock is too cheap as it embarks on $29 billion buyback

Following a sharp selloff in recent months, the South Korean memory-chip company says current share prices don’t reflect the business’s “intrinsic value.”

2026-08-19 12:46 UTC