SK Hynix buys back $28B shares

South Korean SK Hynix has approved a share buyback plan valued at nearly $28.3 billion, which includes approximately 24 million shares. The aim is to stabilize stock prices and strengthen investor confidence. This move is part of the company's strategy to invest the profits generated from the growth of the artificial intelligence sector, and it has increased its free cash flow targets by more than 50%. The plan coincides with market trends to support valuations amid the volatility of global tech markets, with expectations that demand for advanced processors will remain steady.

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