SEOUL, Aug 20 (Reuters) - 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.
Local rival SK Hynix on Wednesday unveiled a 40 trillion won share buyback and cancellation plan, the largest shareholder return programme announced by a publicly listed South Korean company.
SK Hynix, the world's second-largest memory-chip maker behind Samsung, also said it would allocate more than 50% of free cash flow generated between 2025 and 2027 to shareholder returns.
Samsung declined to comment on the reports.
($1 = 1,393.6600 won)
(Reporting by Heejin Kim and Hyunjoo JinEditing by Ed Davies)
