Samsung sells stakes in ASML, Seagate, Rambus and Sharp
Samsung Electronics said on Sunday it sold stakes in ASML Holding, Seagate Technology, Rambus.and Sharp to free up money and focus on its main business.Samsung disposed of half its shares in ASML and its entire 4.2 per cent stake in Seagate Technology, the South Korea-based electronics maker said.
Samsung sells off shares in four tech firms
Samsung Electronics said Sunday it had sold shares it held in four technology companies including US chipmaker Rambus and Japan's Sharp to free up money and focus on its main business.The South Korean tech giant also sold shares in Dutch semiconductor equipment maker ASLM and US hard drive maker Seagate, it said in a statement.Samsung -- the world's top smartphone maker which also manufactures memory chips, TVs and home appliances -- has for years bought shares in other tech firms in semiconductor or display panel industries.
Samsung sells off shares as it deals with its exploding batteries crisis
Samsung sells off shares as it deals with its exploding batteries crisisUpdatedSamsung has sold shares in four technology companies including Japanese electronics maker Sharp in order to focus on its "core business".Key points: Analysts estimate Note 7 recall could cost Samsung up to $1.3bCombined value of Samsung's share sales estimated at $1.2bAnalyst says recall "very damaging" for premium phone brand, PR costs would take longer to recoverAnd it is that core business that has taken a hammering in recent weeks, with the world's top smartphone maker pulling its flagship Galaxy Note 7 from shelves due to the risk of exploding batteries.The combined value of Samsung's sales is estimated by the Yonhap news agency to be $1.2 billion — that includes half of its stake in semiconductor equipment maker ASML and the entirety of its stakes in Sharp, chip maker Rambus and hard drive maker Seagate.
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