Samsung initiates $58B share buyback

Samsung Electronics announced a plan to repurchase shares valued at approximately $58.6 billion (90 trillion won), leading to a more than 6% increase in its stock during trading. This move comes as part of efforts to boost employee incentives and tie rewards to company performance, with expectations to reveal the program's details soon. It is one of the largest share buyback programs in the company's history and reflects its strong financial position and growth prospects driven by artificial intelligence and rising demand for chips.

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