Samsung CEO says company considering deals as it struggles for growth

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SEOUL :Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year.

Samsung launched a share buyback plan worth 10 trillion won ($7.2 billion) in November after its stock plunged to more than four-year lows.

Shares in Samsung tumbled by nearly a third last year while those of SK Hynix climbed 26 per cent.

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Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Electronics Cent South Year Suwon Korea Meeting Samsung 2025 Executive Jong-hee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 08:47:08 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 27162470

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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