Samsung is credited with intending to buy a supplier of chips for automotive electronics

Samsung is credited with intending to buy a supplier of chips for automotive electronics
Samsung Electronics may be interested in acquiring a supplier of semiconductor products for automotive electronics. Such a purchase looks promising given the growing need for chips and artificial intelligence technologies in light of the development of self-driving cars. This was reported by a source with reference to Jim Handy (Jim Handy), an analyst at Objective Analysis.

Presumably, the South Korean tech giant will try to acquire a company such as NXP, Texas Instruments, Renesas or Infineon.

The urgency of this assumption is given by the unprecedented shortage of chips, which is now faced by automakers. Some of them even had to suspend production.

The problem of the shortage of chips is related to the fact that manufacturers of semiconductor products prefer chips for IT devices and home appliances, which have become in high demand during the pandemic.

Indirect confirmation of Samsung's plans are 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 few years, the company has "very carefully evaluated the possibilities of mergers and acquisitions and has made significant progress in terms of preparing" for such an operation.

It remains to add that Samsung has sufficient financial capacity to conclude major merger deals. As of the third quarter of 2020, its assets were estimated at $ 104.3 billion.
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