Samsung Electronics may be interested in acquiring a semiconductor supplier for automotive electronics. Such a purchase looks promising given the growing demand for chips and artificial intelligence technologies in light of the development of self-driving cars. This was announced by a source citing Jim Handy, an Objective Analysis analyst.
Presumably, the South Korean tech giant will try to acquire a company like NXP, Texas Instruments, Renesas or Infineon.
The urgency of this assumption is given by the unprecedented shortage of microcircuits that automakers are now facing. Some of them even had to suspend production.
The chip shortage problem stems from semiconductor manufacturers’ preference for ICs for IT devices and home appliances, which have become in high demand during the pandemic.
An indirect confirmation of Samsung’s plans comes from the words of the company’s CFO, who recently announced the search for new growth engines. During a press conference on the results of the quarter, he said that over the past several years the company has “very carefully assessed the possibilities of mergers and acquisitions and made significant progress in terms of preparation” for such an operation.
It remains to add that Samsung has sufficient financial resources to conclude large merger deals. As of the third quarter of 2020, its assets were estimated at $ 104.3 billion.
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