Samsung
Samsung sells its all ASML stakes to expand semiconductor business
Samsung Electronics sold its entire ASML stakes, to expand its semiconductor business. The Korean tech giant is increasing its investment in high-bandwidth memory, a high-value product, and an ultra-fine process foundry of 3nm or less to strengthen future competitiveness.
The maker announced that it had expanded investments to focus on preparing for future growth despite poor performance. In 2023, the company spent KRW 53.1 trillion and KRW 28.34 trillion on facility investment (CAPEX) and R&D, which were all-time high on an annual basis.
Furthermore, the South Korean tech giant sold off all of its ASML shares during the fourth quarter of last year and achieved profit eight times more than the original investment amount. The total stake sale amount estimated based on the ASML book value is 6.1 trillion won.
While, the amount of stocks disposed of last year was about 5.5 trillion won, plus the sale proceeds of 600 billion won in 2016. This means that an investment of 700 billion won earned.
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Besides this, Samsung and Dutch tech giant ASML have also signed a deal worth around $755 million to build a semiconductor research plant in South Korea. However, the ASML is also expected to push the boundaries of innovation in areas like artificial intelligence and 5G communication.
