Business · 1 hour ago
Micron could buy back $100 billion in shares from December 2026
Chipmaker Micron plans a huge share buyback, potentially reaching $100 billion, once CHIPS Act restrictions end in early December 2026. This would represent about 8.3% of its nearly $1.2 trillion market cap, almost double Nvidia's latest program as a percentage. The company anticipates distributing all surplus funds to shareholders once its cash reserves hit the desired amount by the close of fiscal Q1 2027.
Reported by CNBC · How we write briefs