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SK Hynix unveils $75 billion shareholder return plan after posting record profit
SEOUL: South Korean chipmaker SK Hynix said on Wednesday it would return about $75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices. The Nvidia supplier also said it has sold out of HBM and DRAM chips until 2029, that HBM demand was double what it can supply, and that a chip shortage is likely to continue through 2030 — comments that contrast with market jitters about AI demand momentum and the durability of AI investment. Addressing concern about a potential slowdown in custo...
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