SK Hynix announced a 40 trillion won ($29 billion) stock buyback program, with plans to allocate over 50% of free cash flow through 2027 toward shareholder returns. The South Korean memory chipmaker's shares surged over 12% in Seoul trading Wednesday, while its US-listed ADR jumped 6% in premarket trade. The buyback follows a $26.5 billion US listing completed a month earlier.
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