UPDATED. 2024-05-29 07:34 (수)
Samsung pursuing ‘meaningful’ acquisition within 3 years
Samsung pursuing ‘meaningful’ acquisition within 3 years
  • yoo tai young
  • 승인 2021.01.28 18:44
  • 댓글 0
이 기사를 공유합니다

Company's net cash hits 104 trillion won in 2020
Image: Samsung
Image: Samsung

Samsung Electronics said on Thursday that is was actively considering acquisitions within the next three years.

Company CFO Yoonho Choi said Samsung was looking to actively use its cash reserve for strategic facilities investments and M&As (mergers and acquisitions).

Samsung’s last big acquisition was three years ago, when it bought autocomponet firm Harman in February 2017.

Choi said the South Korea tech behemoth has been looking for M&A candidates for the past three years and reviewed them seriously. The company was well prepared to proceed in M&A, the CFO said. He didn’t mention any names of the potential candidates.

It was difficult to say when the acquisitions will happen due to global uncertainties but Samsung plans to do so within with period of its latest shareholders return program, the executive said.

Samsung announced its latest 3-year shareholders return program. The company will continue to return 50% of the free cash flow (FCF) generated in the 2021 to 2023 period, the firm said. The regular dividend will increase to an annual total of 9.8 trillion won, an increase from the previous program.

Samsung’s cash reserve was 104 trillion won as of 2020. Even if the company return 50% if the FCF as dividends, without a large M&A, free cash will continue to pile up.

The CFO also said the company has yet to finalize any plan for additional investments into its Austin chip factory.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr