"All 3 Years' Worth of Supply Sold Out," Joy Erupts... "AI Concerns Cleared"

[Anchor]

Yesterday (October 28), SK Hynix announced positive earnings results stating that it has already sold out its product supply for the next three years, while promising shareholder returns by steadily giving back the money it has earned.

Reporting from reporter Hong Yeongjae.

[Reporter]

SK Hynix's third-quarter earnings were announced right at 9:00 a.m. as the stock market opened.

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

Upon this news, the rising stock price surged even further when a statement was added during the earnings announcement that the supply for the next three years has already completely sold out.

[Park Jun-deok / SK Hynix Head of DRAM Marketing (Conference Call Statement): "Looking ahead over the next three years, our company's DRAM and HBM supply is virtually sold out."]ß

Evaluated as wiping out concerns that AI investments might be faltering, a buy-sidecar was even triggered 10 minutes after this remark.

[Ahn Kihyun / Korea Semiconductor Industry Association Executive Vice President: "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, you can consider that this (semiconductor) price will be maintained for the time being."]

In addition to this, a shareholder return plan totaling 100 trillion KRW—the largest ever in the history of the domestic stock market—was added.

Following the 40 trillion KRW worth of treasury stock buybacks and cancellations announced last August, it was announced that an additional 60 trillion KRW will be returned to shareholders.

The third-quarter cash dividend was set at a total of 14 trillion KRW, amounting to 20,000 KRW per share by adding a performance-reflective 1,0000 KRW to a special profit of 10,000 KRW earned from selling stakes in the Japanese semiconductor company Kioxia.

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

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

[Kim Woo-hyun / SK Hynix CFO (Conference Call Statement): "We will continuously proceed with treasury stock buybacks and cancellations so that the value per share can appropriately reflect its intrinsic value."]ß

Now, the market's attention is focused on how well Samsung Electronics will be able to meet the heightened expectations of shareholders set by SK Hynix.

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