SK Hynix Inc. plans to raise its dividend payout by 25% to roughly $2.1 billion from 2025 to 2027, reflecting the rapid growth it's undergone since staking out a lead in the market for AI memory chips.

The Korean company pledged Wednesday to pay out 1,500 won a share in dividends over the next three years, equating to about 1 trillion won ($720 million) annually. And it left open the possibility of an earlier return for shareholders should the business outperform.