Samsung Announces Biggest-Ever Buyback Amid AI Windfall
By Jason Chau and Fabiana Negrin Ochoa
Samsung Electronics has announced its biggest-ever share buyback, coming as chip makers reap the rewards of the artificial-intelligence boom.
The Korean company--one of the world's top memory-chip makers--sad it will buy back 90 trillion won to 110 trillion won of shares, or about $64.54 billion to $78.88 billion.
The announcement had been widely expected as pressure mounts on Korean chip giants to share the AI windfall.
Samsung's peer, SK Hynix, unveiled its own program to boost shareholder returns earlier this week, including plans to buy and cancel more than $28 billion of shares.
In a statement on Friday, Samsung said that the unprecedented scale of its buyback aims to ensure that the company's growth translates into tangible benefits for shareholders.
The chip maker plans to pay 30 trillion won in dividends in the third quarter of 2026, with specific details to be confirmed in October.
Samsung said it is implementing its three-year shareholder return policy, which commits to allocating 50% of its free cash flow to shareholder returns.
"The board today also approved a share buyback worth about 15 trillion for employee compensation," it added.
Write to Jason Chau at jason.chau@wsj.com and Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com
(END) Dow Jones Newswires
August 21, 2026 05:17 ET (09:17 GMT)
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