Samsung Electronics (005930.KS) Stock: Surge as $80 Billion Return Plan Raises Stakes After SK Hynix Buyback Move

Samsung Electronics stock jumped 3.87% after unveiling record shareholder return plans, targeting up to $80 billion in 2026. The company plans about 30 trillion won in third-quarter cash dividends. SK Hynix's 40 trillion won buyback adds pressure across Korea's chip sector. Strong AI memory demand has sharply increased Samsung's cash reserves, enabling these returns.