Samsung shares jump on $9.6 billion buyback after missing AI boom

Quick Summary:

Shares still down 28% this year while rival SK Hynix soars.

Samsung shares jump on $9.

Samsung is also still struggling to catch up to Taiwan Semiconductor Manufacturing Co.(TSMC) in outsourced chipmaking, as well as fend off tough competition in sluggish markets for smartphones and other consumer electronics.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth KoreaTaiwan

Topics: Jump Samsung Shares Year Trillion Cent Stock Buyback Seoul Plan News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 12:04:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 621 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23647541

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 12 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 40 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

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News Language: English

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Publisher ID: #25

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