Samsung plans up to $80 billion in shareholder returns after SK Hynix buyback

Samsung Electronics has announced plans for shareholder returns totaling 90 trillion won to 110 trillion won. This amount includes around 30 trillion won in third-quarter cash dividends. According to Channel News Asia, the total value of the shareholder returns is equivalent to $65 billion to $79.5 billion.

The company's board will decide on the remaining payouts in January 2027, considering options such as cash dividends, share buybacks, and share cancellations. The Korea Times reports that Samsung Electronics is expected to return at least 100 trillion won ($72.4 billion) to shareholders.

The announcement comes after a similar move by Samsung's chipmaking rival, SK Hynix. Samsung's shareholder-return policy for 2024-26 aims to return 50 percent of its free cash flow to shareholders. The company's second-quarter net profit jumped nearly 1,300 percent to 90 trillion won from a year earlier, driven by strong demand for semiconductors.

Brief written by urgent.news from CNBC World, CNBC Technology, Channel News Asia, CNA - Business, The Korea Times — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.