Wire flash
FinanceSamsung Electronics announced on Friday that it expects shareholder returns totaling between 90 trillion won and 110 trillion won ($65.1 billion to $79.52 billion) in 2026, calling it the largest such plan ever by a Korean company. The announcement comes just days after domestic rival SK Hynix disclosed a 40 trillion won share buyback, marking a blockbuster week for shareholder returns among South Korea's chip giants. Samsung also said it would pay around 30 trillion won in cash dividends in the third quarter, including its regular quarterly dividend. Details of the payout will be finalized at a board meeting in late October. The company has been seeking to catch up with SK Hynix in high-bandwidth memory chips used in AI systems, and its stock is up about 135% year-to-date. Samsung said it will decide the size and details of remaining shareholder returns at a board meeting in late January 2027.
US Top News and AnalysisWestern
South Korean Chip Giants Announce Record Shareholder Returns Amid AI Boom