"All 3 Years' Worth of Stock Sold Out" Sparks Joy, Dispelling AI Concerns

[Anchor]

Next, let's take a closer look at the announcement by SK Hynix that drove up stock prices today (October 28). Hynix announced that it has already sold out its entire production volume for the next three years and promised to steadily return its earnings to shareholders.

Here is reporter Hong Yeongjae with the details.

[Reporter]

SK Hynix's third-quarter earnings were released right at the opening of the stock market at 9:00 AM.

Third-quarter revenue reached 104.6155 trillion won, and operating profit hit 83.3338 trillion won, both surging by more than 30% compared to the second quarter.

Following this news, the rising stock price surged even further when an announcement was made during the earnings release that the company's supply for the next three years is already completely sold out.

[Park Jun-deok / Head of DRAM Marketing, SK Hynix (from conference call): "In fact, our DRAM and HBM supplies for the next three years are effectively sold out."]evaluated as having cleared concerns that AI investments might be tapering off, this remark triggered a buy-side sidecar just 10 minutes later.

[Ahn Kihyun / Executive Vice President, Korea Semiconductor Industry Association: "If you look at the investment plans of big tech companies, they have announced plans to continue investing even more than now. Therefore, if everything goes according to current projections, we can expect semiconductor prices to hold steady for the foreseeable future."]added to this is a shareholder return package totaling 100 trillion won, the largest ever in the history of the domestic stock market.

Following the 40 trillion won worth of treasury stock buybacks and cancellations announced last August, the company revealed plans to return an additional 60 trillion won to shareholders.

The third-quarter cash dividend was set at 20,000 won per share, combining a 10,000 won dividend reflecting performance with an additional 10,000 won special dividend from the sale of its stake in the Japanese semiconductor firm Kioxia.

Investors who purchase and hold Hynix shares by November 26 will be eligible to receive the dividend.

At the same time, the company plans to purchase and retire more than 30 trillion won worth of treasury shares.

[Kim Woo-hyun / CFO, SK Hynix (from conference call): "We will continuously proceed with share buybacks and cancellations so that the per-share value can properly reflect its intrinsic value."]market attention is now focused on how well Samsung Electronics will be able to meet the heightened expectations of shareholders set by Hynix when it reports earnings tomorrow.

(Video editing: Kim Jong-mi, Design: Kim Yeji)
※ Please note: This article was translated by AI and may contain errors.