SK Hynix launches $28.6 million buyback after stock devalues

AI Summary SK Hynix’s board has approved a 40 trillion won (about $29 billion) buyback and cancellation of its own stock, representing the largest treasury cancellation ever initiated by a listed South Korean company. The chipmaker’s management claims the action is guided by its view that the market prices the company below its actual worth. Largest stock... fulltext: 361 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/sk-hynix-29-billion-buyback-stock-slides/ Source: CryptoPolitan