Samsung Electronics to convene board meeting Friday to discuss shareholder return plan

Samsung Electronics plans to hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter told Reuters, after media reports ‌said the ⁠plan ⁠could be worth more than $70 billion.

The source did ​not give details, but said it could be a ​significant amount and the meeting could take place after the market closes.

A Samsung ​Electronics spokesperson declined to comment.


South ⁠Korea's MoneyToday ‌reported on Thursday that ​the company ​is set to announce a ⁠new shareholder return policy later this month ​worth more than 100 trillion ​won ($71.75 billion).

Samsung Electronics, the world's top memory chipmaker and rival SK Hynix, have been under growing investor pressure to return more of their AI-driven cash gains ‌to shareholders through dividends and buybacks after their record-high profits failed to ease investor jitters ⁠about AI spending.

SK Hynix said on Wednesday it will buy back and cancel 40 trillion won ($28.61 ​billion) of treasury shares and allocate more than 50% of free cash flow generated between 2025 and 2027 to boost shareholder returns.