Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source

Samsung Electronics intends to convene its board meeting on Friday afternoon to deliberate on a new shareholder return package, according to a source cited by Reuters. The exact details of the plan remain undisclosed, but the source revealed that it could be worth over $70 billion. The meeting is anticipated to occur after the market closes.

Samsung Electronics' representative, however, declined to provide any comments. Earlier, South Korea's MoneyToday reported that the company plans to announce a new shareholder return policy later this month, valued at over 100 trillion won ($71.75 billion). Samsung Electronics and rival SK Hynix have been facing increasing investor pressure to return a larger portion of their AI-driven profits to shareholders through dividends and buybacks.

Following their record-high profits, investors have expressed concerns about the company's spending on AI. In response, SK Hynix announced on Wednesday its intention to buy back and cancel 40 trillion won ($28.61 billion) of treasury shares and allocate more than 50% of its free cash flow generated between 2025 and 2027 to enhance shareholder returns.