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The board of directors of Fanlin Group approved a new $25 billion share repurchase plan, accounting for about 10% of its market value; the company also announced a quarterly dividend of $0.33 per share. After the news was announced, Fanlin Group's stock price rose 0.18% after the market. Previously, the company's revenue for the first quarter of fiscal year 2027 increased 54% year-on-year to US$8.22 billion, driven by strong demand for artificial intelligence-related semiconductor manufacturing equipment.
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The board of directors of Fanlin Group approved a new $25 billion share repurchase plan, accounting for about 10% of its market value; the company also announced a quarterly dividend of $0.33 per share. After the news was announced, Fanlin Group's stock price rose 0.18% after the market. Previously, the company's revenue for the first quarter of fiscal year 2027 increased 54% year-on-year to US$8.22 billion, driven by strong demand for artificial intelligence-related semiconductor manufacturing equipment.
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