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Samsung's cash reserves exceed $600 billion and Semiconductor/Display will invest another $100 billion
Data:2019-02-28 , Samsung Electronics announced on February 17 that its cash reserves had exceeded 100 trillion won ($88.8 billion, RMB 60.77 billion). By the end of 2018, Samsung Electronics had a cash reserve of 104 trillion won, an increase of 24.7% over the previous year The growth was mainly due to profits from its semiconductor business and a 14 trillion won drop in facility investment last year.Some industry observers expect Samsung to spend part of its cash on mergers and acquisitions, as the company previously announced that it would invest 180 trillion won (108.13 billion yuan) in its semiconductor and display sectors by 2021. According to Kiwoom Securities in a report, this will have synergistic effects with Samsung's existing generation industry business.Samsung Display has dominated the small and medium size AMOLED market and is trying to break through the large size OLED technology. According to AVC-REVO data, Samsung Display still dominates the smartphone AMOLED market in 2018, with a market share of more than 90%. Although Samsung Electronics announced the implementation of QLED and Miro-LED dual- track strategy, Samsung Display does not want to miss the fast-growing large-scale OLED market, is actively developing QD-OLED and trying to promote its production. Bian Zheng, a senior analyst at AVC-REVO, said that Samsung Display (SDC) is committed to investing in the production of QD-OLED products. It plans to phase out two LCD lines, L8-1-2 and L8-2-1, in 2019, and carry out equipment transformation of QD-OLED, which will achieve mass production in 2020. In fact, QD-OLED technology is still in the stage of technology development, and in this node SDC actively invests in equipment, we can see its determination to abandon the large-scale LCD market. |
Add:RM510, 5/F. TCL TOWER, 8 TAI CHUNG ROAD,TSUEN WAN, N.T.,HONG KONG Tel:(852) 2687 2677 Fax:(852) 2687 2377 Email:Andy@gcsic.com