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BTCC / BTCC Square / Global Cryptocurrency /
Samsung Announces $1.7B Stock Buyback Amid Semiconductor Push

Samsung Announces $1.7B Stock Buyback Amid Semiconductor Push

Author:
Global Cryptocurrency
Published:
2026-01-07 17:21:01
18
3
BTCCSquare news:

Samsung Electronics unveiled plans to repurchase $1.7 billion worth of its shares to compensate employees and executives, with the buyback scheduled to run from January 8 through April 7. The MOVE comes as the tech giant doubles down on its semiconductor ambitions, seeking to solidify its position in the competitive chip market.

Qualcomm is in advanced talks with Samsung to produce next-generation processors using cutting-edge 2-nanometer technology, according to CEO Cristiano Amon. The chip designs are finalized, with market release expected imminently—a potential game-changer for both companies' positions in the AI hardware race.

Samsung's foundry business shows signs of resurgence after securing major contracts, including a landmark $16.5 billion deal with Tesla last summer. Co-CEO Jun Young-hyun reported strong customer reception for the company's new HBM4 memory chips, critical components for high-performance computing applications.

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