Tag: samsung
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Samsung Elec sees up to $79.5 billion available for 2026 shareholder returns
SEOUL, Aug 21 : Samsung Electronics said on Friday it has available about 90 trillion won to 110 trillion won ($65 billion to $79.5 billion) for shareholder returns in 2026, subject to business performance, investment and cash flow.Samsung plans to distribute about 30 trillion won in cash dividends in the thi
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Samsung SDI says to sell $3.2 billion worth of Samsung Display shares back to display maker
SEOUL, Aug 21 : Samsung SDI said on Friday it will sell 13.09 million shares in affiliate Samsung Display to the display maker for about 4.45 trillion won ($3.21 billion), to raise funds for investments in future growth engines. Samsung Display plans to buy the shares as treasury stock at 340,000 won each, Sa
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Samsung board set to discuss huge shareholder return package on Friday
SEOUL, Aug 21 : 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 cre
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Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source
SEOUL, Aug 21 : 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…
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Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports
SEOUL, Aug 20 : 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
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South Korea’s Samsung SDI to buy out GM’s stake in battery joint venture
Aug 11 : South Korean battery maker Samsung SDI said on Tuesday it will end its joint venture agreement with General Motors in Indiana and acquire the U.S. firm’s 49.99 per cent stake, citing weaker-than-expected electric vehicle demand.Here are some details:• Samsung SDI said in a regulatory filing
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Samsung, SK Hynix signal stronger shareholder returns
Aug 5 : Samsung Electronics is exploring ways to enhance shareholder returns in a “sustainable manner,” the South Korean company said in a statement to Reuters on Wednesday, adding that it expects to share details “very soon.””While we remain focused on maintaining a healthy balance sheet to manage cyclical r
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Netlist, Samsung settle patent disputes in new five-year memory deal
Aug 5 : Netlist has struck a five-year deal to license its memory chip patents to Samsung Electronics, it said on Wednesday, gaining access to the South Korean firm’s products and ending years of legal disputes between the companies.Here are some details:• Netlist develops advanced memory and storage
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Samsung Electronics launches next-generation AI memory technology
Aug 4 : Samsung Electronics introduced a new generation of artificial intelligence memory technology on Tuesday, seeking to reinforce its chipmaking lead in the booming AI market.The world’s largest memory chip manufacturer chose this year’s Future of Memory and Storage (FMS) conference in Santa Clara, Califo
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Samsung operating profit up 1,800% in second quarter on AI boom
SEOUL: South Korean technology giant Samsung Electronics posted on Thursday (Jul 30) a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.The world’s largest memory chipmaker posted April-June operating profit of 89.49 trillion wo
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