South Korean chipmaker SK Hynix plans to use about 80% of the proceeds from the sale of its stake in Japan's Kioxia Holdings to pay a special dividend of 16 trillion won ($12 billion), Bloomberg reports. The company is expected to officially announce the payment on October 28 when it publishes its third quarter earnings. According to the publication, the asset sale brought SK Hynix about 20 trillion won in profit in the first half of the year.