South Korean chipmaker SK Hynix (SKHY) reported record quarterly profits on Wednesday, significantly surpassing analyst estimates, and unveiled more than$25 billion in dividends and share buybacks, driving its shares up over 8%.
SK Hynix will also buyback 20 trillion won in shares, half of which will be cancelled this year, after completing its previously announced 40 trillion won shares buyback last week — which will be cancelled shortly — as mentioned in the earnings call.
45% | | Advanced Micro Devices, Inc.
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