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[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Electronics secured about 1.4 trillion won in cash by disposing of ASML shares, a Dutch semiconductor equipment company. Samsung Electronics sold about 4 trillion won worth of ASML shares this year alone.
Samsung Electronics said in a quarterly report on the 14th that it disposed of 1,169,665 shares of ASML. Samsung Electronics' stake in ASML decreased 0.3%p (point) from 0.7% (2.75 million shares) in the second quarter to 0.4% (1.58 million shares) in the third quarter. The book value rose from 2.601 trillion won to 1.2562 trillion won. The exact timing of the sale has not been made public, but it is estimated that Samsung Electronics has raised between 1.3 trillion won and 1.4 trillion won in cash.
Samsung Electronics sold its stake in ASML and secured about 4 trillion won in cash this year alone. In the second quarter, the company also sold a large amount of ASML shares, down from 6,297,787 shares (1.6%) to 2,750,72 shares. It is estimated that it raised 3 trillion won through this. Although the reason for the sale of the stake was not revealed, the industry sees it as a way to raise investment in semiconductor facilities.
Samsung Electronics invested 36.6997 trillion won even when the cumulative deficit in the semiconductor (DS) sector reached 12.69 trillion won by the third quarter. It invested 33.44 trillion won, more than 90% of its total investment, in semiconductor facility costs. It also invested 20.7997 trillion won in research and development.
Meanwhile, Samsung Electronics recruited an executive (vice president) of the Design Management Center from Google in the third quarter.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
