The stock rose as much as 7.5 per cent in Seoul trading on Nov 18, adding to a 7.2 per cent jump on Nov 15 ahead of the news. The shares are still down about 28 per cent in 2024 amid concerns that its memory chip business has fallen behind in the artificial intelligence (AI) market.
Analysts expect the buyback to provide a catalyst for the stock, while some noted that it may also help the founding family tighten its grip. Shares of competitor SK Hy-nix have climbed about 23 per cent in 2024 on investor enthusiasm for its AI chips.
Esta historia es de la edición November 19, 2024 de The Straits Times.
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Esta historia es de la edición November 19, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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HUT TO ART IN ZIMBABWE
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Actress Son Ye-jin celebrates son's second birthday
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