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

Samsung Electronics is set to hold a board meeting on Friday to discuss a potential shareholder return package, valued at over $70 billion, according to a source familiar with the matter. The meeting is scheduled to occur after the market closes. Samsung's spokesperson has declined to provide further details. South Korea's MoneyToday reported on Thursday that the company intends to announce a new shareholder return policy later this month, worth more than 100 trillion won, or approximately $71.75 billion.

Samsung Electronics, the world's leading memory chipmaker, alongside rival SK Hynix, has faced increasing investor pressure to return a larger portion of their AI-driven profits to shareholders through dividends and stock buybacks. In response, SK Hynix announced on Wednesday plans to repurchase and cancel 40 trillion won, or about $28.61 billion, worth of treasury shares, and allocate over half of the free cash flow generated between 2025 and 2027 to enhance shareholder returns.