There's been a lot of speculation recently regarding Samsung's return to the mergers and acquisitions space after Chairman Lee Jae-yong finally got a respite in his legal troubles. Insiders at the company view his legal troubles as the major contributing factor to a lost decade of significant potential investments in growth businesses.
With the chairman now firmly in the driving seat and the legal troubles almost dealt with, the messaging that's coming from the company now seems to suggest that it's open to a more aggressive approach for growth. That much could be gleaned from the comments made by Lee Jae-yong during a visit to a Samsung SDI battery plant in Malaysia.
Lee also check up on the Galaxy S24's popularity in Malaysia
Samsung Electronics Chairman Lee Jae-yong was in Malaysia today to visit a battery production line of Samsung SDI. This is Lee's first overseas trip since he was cleared of charges in a case pertaining to the controversial 2015 merger of two Samsung affiliates.
“We should not be focusing solely on short-term performances, but rather lead changes by rolling out bold challenges,” Lee said during the visit at the plant based in Seremban, some 65 kilometers outside the Malaysian capital of Kuala Lumpur. Samsung's expanding its battery production facilities in the area. It's building another production line in the region at a cost of over $1.2 billion since 2022.
During his visit to Malaysia, Lee also stopped over in Kuala Lumpur to check out the local consumer's response to the Galaxy S24 lineup, Samsung's latest series of flagship phones. Given the incredible response the lineup has received so far, it's likely that he would have come away satisfied by the response in the Malaysian market.
