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Samsung welcomes Intel’s decision to expand partnerships with contract manufacturers
The threatening new prison term for the vice president of Samsung Electronics did not diminish the optimism of the company’s management. In the next three years, the Korean giant intends to make important acquisitions, as well as strengthen its position as a contract manufacturer of semiconductor components. Cooperation with Intel has not yet been publicly commented.
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As noted by the Nikkei Asian Review, representatives of Samsung Electronics at the quarterly reporting event expressed the hope that Intel’s desire to more actively attract contractors for the manufacture of its products will increase the market for relevant services, although the Korean giant has not yet announced anything about its own cooperation with the American company. Samsung is going to expand the production capacity used to produce other people’s products. Hwaseong and Pyeongtaek in South Korea, as well as the outskirts of Austin, Texas, where Samsung already has a core business, are being considered as new construction sites.
According to company representatives, the accumulation of cash reserves is fraught with certain risks, so Samsung Electronics will try to find an effective use of money. In the period until 2023, the issue of large acquisitions of assets can be resolved, as noted by the leadership of Samsung. In what area the acquisitions will be planned is not specified. Speaking directly about the results of the last quarter, Samsung Electronics managed to increase its net profit by 26% mainly due to the high demand for displays and memory chips. Computers, TVs and smartphones – all of these devices were in high demand last quarter, and the server segment also began to show a revival in demand for memory.