Home / Business and Economy / SK Hynix to Pay $12B Dividend From Kioxia Stake Sale
SK Hynix to Pay $12B Dividend From Kioxia Stake Sale
26 Oct
Summary
- SK Hynix plans to return 80% of Kioxia stake sale gains.
- A special dividend of approximately 16 trillion won is planned.
- The payout is expected to be announced soon by the chipmaker.
SK Hynix Inc. plans to distribute approximately 80% of the proceeds from its Kioxia Holdings Corp. stake sale to shareholders. This distribution will be made through a special dividend totaling about 16 trillion won, equivalent to $12 billion.
The South Korean semiconductor company is anticipated to reveal this significant payout soon. This move underscores the financial benefits realized from the sale of its interest in the Japanese memory chip manufacturer.
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