Samsung Electronics is reportedly pursuing the acquisition of Johnson Controls’ Heating, Ventilation, and Air Conditioning (HVAC) division with an investment of US$6 billion. This would mark the company’s first major merger and acquisition (M&A) since its US$8 billion acquisition of the automotive a
Samsung Electronics is currently considering the acquisition of a portion of the automotive electronics business from Continental, a global automotive electronics company based in Germany. If the acquisition is finalized, it will mark Samsung’s first major merger and acquisition (M&A) in seven years
Partnerships are on the uptick between North America’s No. 1 automaker General Motors (GM) and Korean companies. They started with electric vehicle batteries and are now expanding to battery materials and electronics and semiconductors.GM Chairwoman Mary Barra, who made her first visit to Korea on F
Samsung Electronics’ Internet of Things (IoT) platform SmartThings, previously implemented in its home appliances, is set to expand into Hyundai Motor Group’s connected car services, creating a seamless connection between vehicles and homes.Samsung Electronics and Hyundai Motor Group announced on Ja
As the automotive industry shifts its focus from hardware to software, South Korean companies are accelerating their drive towards Software-defined Vehicles (SDVs). SDVs are cars controlled and managed by software. Domestic car and parts manufacturers are actively developing solutions and preparing
Samsung Electronics’ subsidiary Harman is set to acquire the American company “Roon,” known among music enthusiasts as “the world’s best music streaming platform.” The industry expects significant synergy from the collaboration between Harman, known for its hardware prowess in sound equipment, and R
Samsung Electronics announced in its third-quarter online earnings call on Oct. 31 that it will expand its supply of cutting-edge memory, including 10-nm 4th-generation (1a) and 5th-generation (1b) DRAM and 7th- and 8th-generation V-NAND flash memory, without making any downward adjustments.“Demand
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.In Samsung Electroni
Samsung Electronics once again recorded a significant deficit of 4 trillion won (US$3.12 billion) in its semiconductor (DS) division for the second quarter of this year. Consequently, the company has decided to implement additional cutbacks in DRAM and NAND semiconductor production during the second
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.We believe that SEC’s earnings are primed to improve from 3Q23 on both industry-wide production cuts and inventory restocking demand. The pace of technology catch-up for HBM and DDR5 technologies is to
Samsung and LG are showing mixed results in the automotive electronics domain that both companies have chosen as their new growth drivers. Samsung has spent an astronomical amount of money, close to 10 trillion won, to take over Harman, but has not been able to generate much synergy with the company
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.At SEC, sluggish earnings are to continue into 2Q23. However, orders from customers should resume in 2H23, thanks to memory makers’ meaningful production cuts and reduced inventories at clients. We expe
Samsung Electronics’ decision to ramp up its investment this year despite a four trillion won deficit in the semiconductor sector is a sign that the Korean semiconductor giant is proactively preparing for an upturn in the market as the semiconductor industry will bottom out.Samsung Electronics’ firs
Amidst the ongoing slump in the semiconductor industry, Samsung Electronics and LG Electronics are expanding their overseas automotive electronics markets by selecting the automotive electronics business as their new growth driver.According to foreign media outlets and industry sources on April 12,
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.During its 1Q23 earnings release, SEC announced that it intends to cut memory output considerably, which will positively impact supply-demand conditions. We expect earnings to begin to rebound in earnes
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.We expect SEC’s earnings to remain sluggish through 2Q23, amid slowing memory market conditions. Industry conditions should improve from 3Q23, however, led by supply reductions and increased demand for
Reporters asked Vice Chairman Han Jong-hee of Samsung Electronics when the company will take over Rainbow Robotics and others after the Bespoke Life Media Day Event at Marsil Community House in Seoul on March 21. “I cannot reveal target company names, their business areas, or the timing of such deal
Yoshida Kenichiro, chairman of Sony, recently visited Samsung Electronics in strict secrecy in return for a visit to Japan by Samsung Electronics President Kyung Kye-hyun (head of the DS Division) last year. Samsung Electronics, which has expressed its will to actively target the automotive memory s
Weak global demand and the U.S.-China trade conflict caused Samsung Electronics to lose more than 10 trillion won in assets held by its major subsidies in the United States and China over the past one-year period, according to a new report. The report also says that assets held by its major subsidia
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Memory chip supply-demand dynamics to improve in 2H23 We maintain BUY and TP of KRW80,000 on SEC. Our outlook remains positive, as the 4Q22 earnings disappointment should make the company more inclined to reduc