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Samsung Electronics plans/ announces $7.2 billion buyback to boost shareholder gains
Samsung Electronics has announced a $7.17 billion share buyback program, its first since 2017. This move comes after the company's shares plummeted to a four-year low earlier this week. The buyback aims to bolster shareholder value following a disappointing quarterly profit, attributed to lagging AI chip supply to Nvidia.
Samsung Electronics has announced a $7.17 billion share buyback program, its first since 2017. This move comes after the company's shares plummeted to a four-year low earlier this week. The buyback aims to bolster shareholder value following a disappointing quarterly profit, attributed to lagging AI chip supply to Nvidia. 
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