Samsung, SK Hynix pledge stronger shareholder returns

Samsung Electronics and SK Hynix, South Korea's top memory chip makers, are planning to enhance shareholder returns in a sustainable manner by the end of the year.

Samsung ​Electronics ​is exploring ways ‌to enhance ​shareholder returns in a "sustainable manner," ‌the South Korean company said in a statement to ‌Reuters on Wednesday.

Its smaller rival ‌SK Hynix also said in a separate statement to Reuters ⁠that ​the ⁠company is preparing concrete shareholder return ⁠plans by the end ​of the year and expects to "meaningfully ⁠expand" capital return.

Last week, ⁠the ​two companies reported record-smashing quarterly profits on AI-driven ⁠demand for memory chips.