SK Hynix

SK Hynix has laid the foundation for a $4 billion High-Bandwidth Memory (HBM) plant in West Lafayette, Indiana. The cleanroom is scheduled to be completed by October 2028, and mass production of the next HBM generation is expected to start in the second half of 2029. At full capacity the plant will employ about 1,000 workers and create roughly 7,000 direct and indirect jobs across construction, operations and supply chains. The project is supported by the US Chips and Science Act; SK Hynix will receive up to $458 million in grants and up to $500 million in loans. Wafers will come from South Korea and will be packaged and tested in Indiana. » More on de.investing.com

Members of SK Hynix’s union narrowly rejected a provisional collective bargaining agreement after about two months of talks (7,535 against, 7,510 in favor). The agreement included a 6.3% wage increase and a bonus structure with 40% paid in cash and 60% in company shares; the share component could have been sold off in stages. The rejection brings the parties back to the negotiating table, is likely to put the bonus structure at the center of talks, and led to a roughly 1.5% fall in the share price to 1.646 million won, while the KOSPI edged up slightly. After the close vote there is no immediate prospect of a production stoppage. » More on de.investing.com

SK Hynix will repurchase about 24.07 million shares (3.3% of issued stock) over roughly three months using a 40 trillion won cash program and will cancel all repurchased shares. The company also raised its 2025–2027 shareholder-return framework to commit over 50% of cumulative free cash flow to returns, with details to be approved at the Q3 board meeting. SK Hynix finished Q2 with about 69 trillion won net cash and record revenue, while simultaneously approving 54.3 trillion won of new fabrication investment through 2031, indicating strong cash generation this cycle. » More on finance.yahoo.com