Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports
SEOUL: Samsung Electronics is set to announce a new shareholder return policy later this month worth more than 100 trillion won ($71.75 billion), media reported on Thursday, as the company plans to share record profits with shareholders amid an AI-driven chip supercycle. The South Korean memory-chip maker will hold a board meeting at the end of August to approve a shareholder return plan that…
Samsung Electronics is reportedly planning to announce a shareholder return programme worth over $71.75 billion later this month, according to media reports. The South Korean tech giant aims to distribute record profits to shareholders during an ongoing AI-driven chip supercycle, as highlighted in a MoneyToday report that quoted unidentified sources.
The company's board is scheduled to meet at the end of August to approve the new policy, which includes a special dividend, according to the industry insiders. Samsung intends to invest 50% of its free cash flow in the initiative, as per the report. Meanwhile, local competitor SK Hynix unveiled a 40 trillion won share buyback and cancellation plan on Wednesday, the largest shareholder return programme announced by a South Korean publicly listed company.
SK Hynix, the world's second-largest memory-chip maker behind Samsung, announced that it would allocate more than 50% of its free cash flow generated between 2025 and 2027 for shareholder returns. Samsung did not respond to requests for comment on the reports.
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