SK Hynix reportedly gained ~$15B from Kioxia stake sale and plans ~$12B dividend
SK Hynix gained approximately $15 billion earlier this year by reducing its stake in Kioxia, according to a Bloomberg report. The memory chipmaker plans to return about $12 billion of those proceeds to shareholders through a special dividend.
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Key points
- SK Hynix gained about $15 billion from selling down its stake in Kioxia earlier this year
- The company plans to distribute around $12 billion to shareholders via a special dividend
- SK Hynix shares rose against a general selloff in AI-related stocks on the news
The prospect of the large payout helped SK Hynix shares gain ground despite a broader decline in artificial intelligence-related stocks.
The story so far
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Read the original at bloomberg.com · via TechmemeOpen source ↗
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