Reported 5 days ago
Samsung Electronics shares jumped after announcing a surprise buyback of around 10 trillion won ($7.2 billion). This decision follows concerns over the company's lagging performance in the AI memory chip market, with shares seeing a 7.5% increase during trading in Seoul. The buyback is expected to support the stock price and potentially strengthen the founding family's control, as the company navigates competitive challenges in the tech industry.
Source: YAHOO