SK Hynix unveils $75 billion shareholder return plan after posting record profit

South Korean chipmaker SK Hynix announced a shareholder return package worth about $75 billion for this year after quarterly operating profit climbed to a record 83.3 trillion won. Revenue for July to September reached 104.6 trillion won, up 328% from a year earlier, Business Recorder reported.

The package includes more than 30 trillion won in cash dividends and over 60 trillion won in share buybacks and cancellations. The company also plans a special dividend linked to gains from its investment in Japanese chipmaker Kioxia, to be included in its third-quarter and full-year distributions.

SK Hynix said it has sold out of HBM and DRAM chips through 2029, with demand for HBM twice its available supply, and expects shortages to persist until 2030. It has secured long-term agreements with 14 major customers and plans to lift capital spending significantly next year.