Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four-year lows earlier in the week.

SEOUL (Reuters) - Samsung Electronics plans to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday.

Samsung Electronics shares reached their lowest level in over four years Wednesday, as fears over potential U.S. tariffs on Chinese imports and fierce competition from AI-focused chipmakers put the tech giant

Shares in Samsung Electronics extended declines to a fourth straight session on Wednesday, hitting their lowest level in more than four years.