Samsung Electronics to Become 1st Local Firm with Cash Assets of over $146.6 Bil.: Data
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Samsung Electronics to become 1st local firm with cash assets of over $146.6 bil.: data
Helped by the artificial intelligence-led (AI) chip supercycle, Samsung Electronics is poised to become the first Korean company with cash assets of over 200 trillion won ($146.6 billion), industry data showed Sunday. Cash and cash equivalents at the chip giant are estimated to have reached 214.8 trillion won as of the third quarter, up 24.8 trillion won from 190 trillion won recorded three months earlier, according to the data. The amount is al…
Driven by the semiconductor boom, Samsung Electronics' cash reserves have surpassed 200 trillion won for the first time among domestic companies. According to industry sources on the 8th, Samsung Electronics' total assets, including cash, cash equivalents, and short-term financial instruments, stood at 214.8 trillion won as of the end of the third quarter of this year. This represents an increase of 24.8 trillion won from the previous quarter (1…
(Seoul = Yonhap News) Reporter Cho Seong-heum = Samsung Electronics, which is experiencing its greatest boom in history, has become the first domestic company to surpass 200 trillion won in cash reserves.
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