Sandisk authorizes $15.5 billion buyback, equal to 8.6% of shares

Sandisk has authorization to buy back up to $15.5 billion of its own shares, an amount equal to about 8.6% of the company's market value. The program follows a period of strong pricing in the NAND flash memory market, where AI-related storage demand has tightened supply. Buyback authorizations set a ceiling rather than a commitment, and the pace of actual repurchases will depend on cash generation.