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Samsung Unleashes $80 Billion Shareholder Return After SK Hynix's "Buyback Bazooka" To Revive Memory Trade

Samsung Unleashes $80 Billion Shareholder Return After SK Hynix's "Buyback Bazooka" To Revive Memory Trade Days after SK Hynix unveiled a staggering 40 trillion won, or $28.6 billion, "buyback bazooka" aimed at putting a floor under its shares following a sharp six-week selloff, Samsung Electronics joined the capital-return push. The world's largest memory-chip maker said Friday that it plans to return as much as 110 trillion won, or $80 billion, to investors this year. The twin announcements suggest the world's top memory companies are trying to support higher valuations and reward...
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Jul 5, 2026 / Tyler Durden
Nvidia Supplier Hon Hai Sales Beat As Continued AI Demand Offsets Consumer Electronics Decline
Nvidia Supplier Hon Hai Sales Beat As Continued AI Demand Offsets Consumer Electronics Decline Nvidia’s server assembly partner Hon Hai Precision Industry reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further, according to Bloomberg.  Hon Hai’s revenue grew to NT$2.51 trillion ($79 billion) in the three months to June, beating the average of analyst estimates of NT$2.37 trillion. Demand for AI-related products drove sales, compensating for a slight decline in demand from consumer electronics and computing products, where soaring memory prices have resulted in widespread...
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Jun 18, 2026 / Dave DeCamp
Israeli Strike on Vehicle in Gaza City Kills Three
An Israeli drone strike in Gaza City on Thursday killed at least three Palestinians as the Israeli military continues its constant violations of the US-backed ceasefire deal. According to the Palestinian news agency WAFA, the strike hit a civilian vehicle in Gaza City’s al-Rimal neighborhood. Photos from Gaza show the wreckage following the strike. Palestinian […]
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Aug 12, 2026 / Tyler Durden
Illegal Immigrant Pleads Guilty To Purchasing 91 Firearms
Illegal Immigrant Pleads Guilty To Purchasing 91 Firearms Authored by Allan Stein via The Epoch Times, An illegal immigrant from Mexico has pleaded guilty in federal court to charges related to purchasing 91 firearms and 40,000 rounds of ammunition. A sign displaying "No firearms in Mexico" its outside a border entry point in Naco, Ariz., on March 5, 2025. John Fredricks/The Epoch Times The U.S. Attorney's Office for the District of Oregon announced on Aug. 10 that Samuel Rodrigo Melo Santos pleaded guilty to being an alien in possession of a firearm and...
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