SK Hynix suggests its stock is too cheap as it embarks on $29 billion buyback

SK Hynix, the South Korean memory-chip maker, has launched a 29 billion dollar share buyback program. This decision follows a sharp decline in its stock price in recent months. The company believes that current prices do not reflect the intrinsic value of its business. This massive buyback reflects SK Hynix’s confidence in its future prospects.

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