Earlier this week, Samsung’s competitor SK hynix announced a $28.9 billion stock buyback plan to reassure investors. The day after this announcement, its stock price rose by 12%.
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Samsung, the world’s leading memory chip manufacturer, held a board meeting on Friday and “confirmed a 2026 shareholder return plan, expected to range from approximately 90 trillion to 110 trillion won ($80 billion),” the company said in a statement.
