NewsHK
The AI-driven memory cycle is rewriting the earnings picture for semiconductor producers, and the latest evidence arrived from Seoul on July 29.
SK Hynix (SKHY), with a market capitalisation of $1.19 trillion, reported second-quarter revenue of $56.9 billion, a 257% year-on-year advance, with operating profit up 557% to $43.4 billion.
The company has also announced a $29 billion buyback plan and a commitment to return more than 50% of cash flow from 2025 through 2027 to shareholders; JPMorgan estimated the total could reach at least $130 billion.
The result fits a sector-wide pattern.
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