Samsung Electronics to ramp up share buybacks to fund chip bonus

Samsung Electronics is expected to accelerate its treasury share buyback to fund a special bonus for its chip employees under a tentative labor agreement reached to avert a planned strike, Herald Business reported on Thursday.

Under the pending agreement, the company will allocate a special semiconductor performance bonus equivalent to 10.5 percent of business performance earnings.

The bonus will be paid in treasury shares over the next 10 years without a cap.

Considering the chip giant holds ro