Tag: hynix
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SK Hynix to start AI chip output in Indiana in 2029, sees memory shortage through 2030
WEST LAFAYETTE, Indiana, Aug 27 : South Korean chipmaker SK Hynix said on Thursday it plans to begin volume production of its next-generation HBM4E chips at its Indiana facility in the third quarter of 2029, as its chief executive said the company expects a current memory chip shortage to persist through the end of
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SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility
WEST LAFAYETTE, Indiana, Aug 27 : South Korean chipmaker SK Hynix on Thursday held a groundbreaking ceremony for an advanced packaging and research facility in Indiana worth more than $4 billion, expanding its U.S. footprint to meet growing demand for memory chips used in AI applications. The facility, at the
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SK Hynix workers to get 60% of this year’s bonuses in stock rather than all cash
SEOUL, Aug 20 : Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see them receive at least 60 per cent of this year’s bonuses in company stock rather than the all-cash payout they received last year.The AI boom has sent SK Hynix’s earnings…
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SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says
SEOUL, Aug 20 : South Korean chipmaker SK Hynix has agreed to pay 60 per cent of this year’s employee bonuses in shares and the remaining 40 per cent in cash under a preliminary wage agreement, a person familiar with the matter said.The agreement is being discussed by union delegates, said the person, who was
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SK Hynix to buy back, cancel $29 billion worth of treasury shares
SEOUL, Aug 19 : SK Hynix said on Wednesday it would buy back and cancel 40 trillion won ($28.61 billion) worth of treasury shares and allocate more than 50 per cent of free cash flow generated between 2025 and 2027 to boost shareholder returns. The move comes amid growing pressure from investors for SK Hynix
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SK Hynix union finalising preliminary wage deal, source says
SEOUL, Aug 19 : SK Hynix’s South Korean labour union is finalising the wording of a tentative wage deal with management and will brief members on the terms Wednesday afternoon, a source familiar with the talks said. The two sides were making last-ditch efforts to iron out differences and conclude the deal, wh
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SK Hynix’s Korean workers launch unified union amid stalled wage talks
SEOUL, Aug 13 : Workers at SK Hynix on Thursday launched a new labour union in South Korea, seeking to bring together employees across different job categories and locations as they pursue greater bargaining power at the leading memory chipmaker.The launch comes as SK Hynix and its existing unions are locking
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SK Hynix board approves $38 billion investments for South Korea’s Yongin, Cheongju chip plants
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.
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SK Hynix to announce additional shareholder return measures in third quarter
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday it was “actively reviewing” additional shareholder return measures to enhance shareholder value and expected to finalise and announce details in the third quarter, according to a regulatory filing. The company also said it would pay a dividend of 375 won pe
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SK Hynix rises as brokerages launch coverage with bullish ratings
Aug 4 : Recently listed U.S. shares of SK Hynix rose 5 per cent after six brokerages started coverage of the South Korean chipmaker with bullish ratings, citing its dominance in the booming AI memory market and access to a broader global investor base.The American Depositary Receipts of SK Hynix, whose primar
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