To Rev up Materials, Parts and Equipment Sectors
Samsung Electronics are expanding equity investments in materials, parts and equipment companies as part of its efforts to sharpen competitiveness and promote win-win growth with small and medium-sized companies.
Samsung Electronics announced on July 31 that it will make an equity investment in S&S Tech, a producer of blank masks used for semiconductor production, and YIK, a wafer testing company for memory chips. Samsung Electronics will invest 65.93 billion won by participating in S&S Tech's paid-in capital increase. The new shares to be issued by S&S Tech amount to 8.7 percent of the total number of shares issued before the capital increase.
Samsung Electronics will also invest 47.34 billion won by participating in a capital increase at YIK. The new shares to be issued by YIK amount to 14.94 percent of the shares issued before the capital increase. These companies will use the funds raised through capital increases to pay back their debts and invest in facilities.
In addition to these companies, Samsung Electronics will make equity investments in four listed companies and two unlisted companies in the materials, parts and equipment sectors for semiconductors and displays. The size of investments in these firms will be disclosed soon.
Industry insiders say that Samsung Electronics’ equity investments are intended to establish a stable supply network in the materials, parts and equipment sectors and rev up their ecosystems.