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SK Hynix to buy back $28 billion shares
South Korea's SK Hynix has decided to buy back treasury shares worth up to $28.3 billion (40 trillion won) in order to support stock price stability and maintain market balance. The plan includes repurchasing approximately 24 million shares and comes as part of strategies to boost cash flows and safeguard stock valuations against fluctuations in global technology markets and rising demand for memory chips and processors. The company expects these supporting factors for its operations to continue and aims to achieve high returns for shareholders, while monitoring the impact of similar programs implemented by competitors.
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