Samsung will spend 50% of its free cash flow on the new programme
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 includes a special dividend, MoneyToday reported, citing unidentified people in the industry.
Samsung will spend 50% of its free cash flow on the new programme, the report said.
Local rival SK Hynix on Wednesday unveiled a 40 trillion won share buyback and cancellation plan, the largest shareholder return programme announced by a publicly listed South Korean company.
SK Hynix, the world’s second-largest memory-chip maker behind Samsung, also said it would allocate more than 50% of free cash flow generated between 2025 and 2027 to shareholder returns.
Samsung declined to comment on the reports.
The redirection of Chinese exports away from the US has fuelled concerns about its spillovers…
The European Commission is simplifying the rules around the EU energy label. This column uses…
Service value chains are expanding faster than industrial ones, yet their geography is strikingly different:…
How households’ inflation expectations affect their spending is a central question for researchers and policymakers…
An anticipatory framework for the European Union to manage climate risks should lead to better…
Military planners need to work more closely with economists to better understand resource management and…