We all learn about the law of supply and demand somewhere in school. The effects of the RAM crisis driving prices up, results in massive profit for the manufacturers. To that extent, Samsung agreed to a massive bonus for employees in the last few months. This week, SK Hynix, the second in the marketplace, announced bumping up shareholder returns, and also buying back $28.6 billion of their own shares, which they will cancel outright. The average person doesn’t know who they are, but they are the 17th largest company by market cap in the world. Worth $125 billion a year ago, they are now at a market cap near $861 billion.
SK Hynix has approved a 40 trillion won ($28.6bn) share buyback, the largest by a listed Korean company, after a record quarter failed to lift its stock.
Source: SK Hynix will buy back $28.6bn of its own shares, the biggest repurchase in Korean corporate history
