Electronic component search engine On December 28, according to foreign media reports, investment bank Bernstein analysts predict that by the end of 2019, Samsung's cash reserves will exceed $105 billion. The group usually avoids large deals, but in its biggest acquisition in history two years ago, Samsung spent $8 billion to acquire auto parts maker Harman, betting on the rise of smart cars.
In addition, it is reported that Samsung’s heir, Li Zaiyu, is facing great pressure. The $230 billion Korean technology giant's share price fell by about a quarter in 2018, the worst year for the group in more than a decade. Due to oversupply, the price of its core product memory chips is declining, and the uncertainty of future sources of growth is also increasing.
Samsung is beginning to develop components in the next generation of wireless communications, 5G, and chips tailored for machine learning and self-driving cars. But the competition is fierce. The advent of artificial intelligence has enabled the smaller and more flexible US chipmakers such as NVIDIA and AMD to emerge rapidly. In order to catch up, Li Zaiyu may have to use Samsung's "war fund."
Investment bank analysts: By the end of 2019, Samsung's cash reserves will exceed $105 billion
Feb
02
56