SK Hynix Announces $29 Billion Share Buyback And Cancellation Program Amid Chip Market Decline

SK Hynix announced a record $29 billion share buyback and cancellation program after its stock fell nearly 50% from its June peak amid a broader chip selloff. The memory chipmaker, which raised $26.5 billion through its July Nasdaq listing, said it will repurchase 24.07 million shares and return at least 50% of cumulative free cash flow from 2025 to 2027, while continuing major semiconductor expansion projects. FOUNDER: Chung Ju-yung AMOUNT: $29,000,000,000 HQ: Gyeonggi-do, South Korea #VentureCapital #SKHynix #ChungJuyung #TradedVC

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Vessev Secures $19 Million Series A Funding Led By Blackbird Ventures For Electric Hydrofoil ExpansionNew Zealand-based electric hydrofoil maker Vessev has raised $19 million in a Series A and follow-on financing round to accelerate production of its VS-9 vessel line, expand its global team, and support plans to manufacture in the United States. The round was led by Blackbird Ventures, with participation from new investors GD1 and Rypples alongside existing backers K1W1, Icehouse Ventures, Shasta Ventures, and NZVC. The company, led by co-founder and CEO Eric Laakmann, is entering the U.S. market with FlyTahoe as its first American customer and plans demonstrations in New York City, Washington D.C., and Lake Tahoe as it expands sustainable electric water transit. FOUNDERS: Max Olson & Eric Laakmann INVESTORS: Blackbird Ventures, GD1, Rypples, K1W1, Icehouse Ventures, Shasta Ventures & NZVC ROUND: Series A AMOUNT: $19,000,000 HQ: Auckland, New Zealand #VentureCapital #Vessev #MaxOlson #EricLaakmann #TradedVC