Samsung board set to discuss huge shareholder return package on Friday
SEOUL: Samsung Electronics will hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter said, after media reports put the plan’s worth at more than $70 billion.
Samsung, which like rival SK Hynix, has seen earnings soar as the AI boom creates insatiable demand for chips, is expected to discuss special dividends as well as share buybacks and cancellations.
It is set to announce a new shareholder return package later this month worth more than 100 trillion won ($72 billion), South Korea’s MoneyToday reported.
