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Samsung Electronics expects shareholder returns up to $80 billion this year
Reuters34d agoneutral
Samsung Electronics expects shareholder returns up to $80 billion this year

Samsung Electronics expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 ‌billion), including 30 trillion won in cash dividends in the third quarter, it said ‌on Friday. The 110 trillion won would be over five times the size of the previous high in shareholder returns of ​20.3 trillion won in 2020. Like rival SK Hynix, Samsung has come under pressure from shareholders to return some of the gains from their record-breaking profits as the AI boom drives demand for chips.

Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source
Reuters34d agoneutral
Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source

Samsung Electronics plans to hold a board meeting on Friday ‌afternoon to discuss a new shareholder return ‌package, a person familiar with the matter told Reuters, ​after media reports said the plan could be worth more than $70 billion. A Samsung Electronics spokesperson declined ⁠to comment. Samsung Electronics, the world's top memory chipmaker and rival SK Hynix, have been under growing investor pressure to return more of their AI-driven cash gains to shareholders through ‌dividends and buybacks after their ​record-high profits failed to ​ease investor jitters ​about AI spending.

Micron unveils $10 billion AI memory research lab in Boise
Reuters35d agoneutral
Micron unveils $10 billion AI memory research lab in Boise

Micron Technology said on Thursday it plans to spend $10 billion on its newly ‌established research lab at Boise, Idaho, over the ‌next decade to advance memory technologies, develop compute systems and support future ​chip manufacturing. Large memory chipmakers such as Micron, Samsung Electronics and SK Hynix have been benefiting from a surge in demand from the rapid expansion of AI infrastructure. • The latest investment builds on the more than $250 billion that Micron had separately committed to ​manufacturing and ​R&D across the United States.

FTSE 100 Live: Quiet open predicted as Asian stocks spring back
Proactive35d agoneutral
FTSE 100 Live: Quiet open predicted as Asian stocks spring back

The FTSE 100 is tipped to nudge higher at Thursday's open, with spread betters pencilling in a gain of around 9 points. The mood music comes courtesy of an overnight rally across Asia. Markets there took heart after the US Treasury said it would "at least double" its issuance of long-term...

Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports
Reuters35d agoneutral
Samsung Electroncis to announce more than $72 billion shareholder return programme, media reports

Samsung Electronics is set to announce a new shareholder ‌return policy later this month worth ‌more than 100 trillion won ($71.75 billion), media reported ​on Thursday, as the company plans to share record profits with shareholders amid an AI-driven chip supercycle. The South Korean memory-chip maker ‌will hold a ⁠board meeting at the end of August to approve a shareholder ⁠return plan that includes a special dividend, MoneyToday reported, citing unidentified people in the ​industry. Samsung will ​spend 50% of ​its free cash ‌flow on the new programme, the report said.

Samsung hikes chipmaking prices by up to 15% on demand spike, sources say
Reuters36d agoneutral
Samsung hikes chipmaking prices by up to 15% on demand spike, sources say

Samsung Electronics has raised prices for some advanced contract chipmaking services by up to 15% for new orders, two people familiar with the matter said, as demand for AI chips tightens capacity in a business long dominated by TSMC. Demand from Chinese ‌customers has been particularly strong, but Samsung has been unable to meet all orders because it must serve U.S. customers and reserve part ‌of its capacity to support its own chip production, said the sources, who spoke on the condition of anonymity because they are discussing sensitive commercial matters. Chinese customers are among those accepting the ​steepest price increase, one of the sources said, underscoring how U.S. curbs on exports of advanced chipmaking equipment to China have increased local firms' reliance on overseas foundries.

Apple may finally have a $2,000 reason to enter foldables
TheStreet39d agoneutral
Apple may finally have a $2,000 reason to enter foldables

The foldable smartphone used to resemble an expensive technical experiment. Now they’re starting to appear more like something Apple can sell. That change is significant since Apple (AAPL) has spent years ignoring a category that competitors, including Samsung, Google, Motorola, Huawei, and others, ...

South Korea's Kospi Enters New Bull Market
The Wall Street Journal42d agoneutral
South Korea's Kospi Enters New Bull Market

Well, that was fast. South Korea's Kospi index entered a bull market again today, defined as a 20% rise from a recent low. Since the index's recent bottom on July 30, it's up nearly 22%, including today's 3.

Asian shares mostly rise after AI leads rally on Wall Street
Associated Press42d agoneutral
Asian shares mostly rise after AI leads rally on Wall Street

Asian shares mostly rose in early Thursday trading, as global market optimism continued on prospects for AI stocks and the semiconductor sector. Hong Kong's Hang Seng edged up nearly 0.1% to 25,453.45, while the Shanghai Composite gained 0.4% to 3,961.82. Several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.

Shares are mostly higher in Asia, with Kospi up 4%, while oil prices gain
Associated Press43d agoneutral
Shares are mostly higher in Asia, with Kospi up 4%, while oil prices gain

Asian shares were mostly higher Wednesday after U.S. stocks slipped a bit further from their records, while oil prices advanced as doubts persisted over when the war with Iran will allow crude to flow freely again. Samsung Electronics gained 7.7% and memory chipmaker SK Hynix was up 7.1%. The price of a barrel of Brent crude, the international standard, was up 0.9% at $89.67 early Wednesday.

Bloomberg43d agoneutral
SK Hynix, Samsung Extend Gains After Report Temasek to Invest

(Bloomberg) -- South Korean chipmakers extended gains following a local media report that Singapore’s Temasek Holdings Pte plans to invest in their stocks. Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPakistan Says Deal Is Close Even as Iran, US Harden StancesPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveApple’s Glass-Centric 20th-Anniversary iPhone Remains on Track for 2027China Unleashes $28 Trillion Capital Markets to Challenge

Bloomberg44d agoneutral
Peak Memory Fears Put Focus on Samsung, SK Hynix Cash Returns

(Bloomberg) -- Memory-chip makers may have found a new defense against the inevitable cooling of their boom: giving more cash back to shareholders.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPakistan Says Deal Is Close Even as Iran, US Harden StancesChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentApple’s Glass-Centric 20th-Anniversary iPhone Remains on Track for 2027SK Hynix Inc. l

Oil prices hold steady after jumping 5%, while Asian shares are mixed
Associated Press44d agoneutral
Oil prices hold steady after jumping 5%, while Asian shares are mixed

Shares were mixed in Asia, while oil prices were holding steady Tuesday after jumping the day before as uncertainty persisted over when the Strait of Hormuz could reopen and get the global flow of crude going again. U.S. futures edged higher. Brent crude oil was unchanged at $87.72 a barrel, while U.S. benchmark crude also was flat at $82.13 a barrel.

Bloomberg45d agoneutral
Emerging-Market Stock Valuations Sink Below Half of S&P 500’s

(Bloomberg) -- For the first time in at least two decades, emerging-market stock valuations have fallen to less than half those of US equities, a sign to some investors that there are increasingly attractive opportunities in developing economies.Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AIIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Stocks Waver Near Record Highs, Crude Oil Advances: Markets WrapTrump Amps Up Pressure on Billionair