Samsung Electronics clears out Asmack to raise funds for expansion

Zhitong Finance ·  Feb 21 06:15

Samsung Electronics sold all of its remaining shares in ASML.US (ASML.US) in the fourth quarter of last year.

The Zhitong Finance App learned that the South Korean tech giant$Samsung Electronics Co., Ltd. (SSNLF.US)$I sold my holdings in the fourth quarter of last year$ASML Holding (ASML.US)$All remaining shares are part of its expansion into new areas of chip manufacturing. According to regulatory filings, the world's largest memory manufacturer sold about 1.58 million shares of Asmack. According to an earlier document, the value of these shares was approximately 1.26 trillion won (US$930 million) as of the end of September last year.

In 2012, Samsung bought 3% of the Dutch chip equipment manufacturer for about 700 billion won. After four years, Samsung sold half of its shares and gradually reduced its holdings starting in the second quarter of last year.

According to media estimates, Samsung Electronics' return on investment of 700 billion won reached about 8 times.

Samsung is trying to catch up with competitor SK Hynix's high-bandwidth memory chips, which are used to help$NVIDIA (NVDA.US)$The accelerator trains artificial intelligence. Samsung is also looking to shrink$Taiwan Semiconductor (TSM.US)$A leading position in the field of foundry chip manufacturing.

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