SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung to acquire more companies in the next three years

Business
By 

Last updated: January 28th, 2021 at 05:28 UTC+02:00

Samsung announced its Q4 2020 earnings earlier today. During its conference call with investors, the company mentioned that it is eying more mergers and acquisitions over the next few years to fend off challenges from rival brands and to beef up its future growth.

The South Korean tech giant’s CFO, Choi Yoon-ho, said that the company will actively use its cash to expand its production facilities and for M&A (merger and acquisition) deals. He said, “We have been very carefully reviewing our M&A options in the past 10 years continuously. Although it is difficult to specify when we would forge the deal due to global uncertainties, based on our preparations, we think positively significant M&A deals in the next three years.

The company’s last major acquisition happened in 2016 when it picked up US-based audio and automotive giant HARMAN International Industries for $8 billion. Industry insiders expect Samsung’s next major M&A to come from the semiconductor sector. Major chip firms announced major acquisitions last year, including Nvidia’s $40 billion acquisition of ARM Holdings, AMD’s $35 billion acquisition of Xilinx, and SK Hynix’s $9 billion acquisition of Intel’s SSD business.

Samsung is currently the number one brand in the DRAM and NAND segments, and it is expected to acquire semiconductor firms in foundry and logic chip sectors. The company had announced its plan to become the world’s largest semiconductor firm by 2030 by investing $115 billion. It is also considering building a $10 billion chip facility in Austin, Texas in the US to fabricate 3nm chips. However, it said during the conference call that nothing has been finalized yet.

Via Business Samsung ElectronicsSamsung FoundrySystem LSI
Load 0 comments

You might also like

Samsung unveils ISOCELL HP3, its second 200MP camera sensor

After launching its first 200MP camera sensor for smartphones ten months ago, Samsung has unveiled its second …

  • By Asif Iqbal Shaik
  • 12 hours ago

Samsung rival TSMC building four new 3nm semiconductor chip plants

Since the world’s reliance on technology and computing is increasing each day, semiconductor chips are i …

  • By Asif Iqbal Shaik
  • 3 days ago

TSMC to compete with Samsung by making 3nm chips this year, 2nm chips …

Samsung Foundry has been chasing TSMC in the chip manufacturing segment for quite a few years, but it hasnR …

  • By Asif Iqbal Shaik
  • 6 days ago

Samsung halts component orders amid fears of oversupply and global inf …

Samsung Electronics is reportedly reevaluating supply and demand amid concerns over global inflation levels. T …

  • By Mihai Matei
  • 1 week ago

Japanese airline reminds us that a Galaxy Z global rebranding is due

Japanese airline Zipair is removing the “Z” logo from the side of its planes to avoid being associ …

  • By Mihai Matei
  • 1 week ago

Samsung to get additional EUV lithography chip making equipment from A …

After having met Dutch PM, Samsung Electronics Vice Chairman Lee Jae-Yong has reportedly secured EUV lithogra …

  • By Sagar Naresh
  • 1 week ago