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Economy · Seoul, South Korea ·

SK Hynix record profit, $25 billion payout; Seoul stocks jump

Reported by 2 outlets · first reported Oct 27, 8:16 PM ET

SK Hynix posted record third-quarter profit and announced over $25 billion in dividends and buybacks. South Korean stocks opened sharply higher.

Why it matters

It shows the AI chip boom still lifting Asian economies.

Background

SK Hynix makes memory chips used in AI systems.

The story so far

  1. SK Hynix record profit, $25 billion payout; Seoul stocks jump
  2. SK Hynix jumps 11% on record profit
  3. Samsung, SK hynix post record profits on AI chips

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Sources

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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