According to news released by Korean media today, in the past short year,Samsung Electronics’ cash reserves increased by 40 trillion won (approximately RMB 216 billion), reaching an astonishing 79.92 trillion won (approximately RMB 431.9 billion).. As a comparison,South Korea’s total real GDP in the first quarter of 2023 is 472.16 trillion won(approximately 2.5 trillion yuan), that is to saySamsung’s cash reserves are probably more than 1/6 of South Korea’s GDP in the first quarter.
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Samsung Electronics has been actively building up cash reserves over the past year, which is why its cash reserves are so high. Only in the first half of this year,Samsung's overseas subsidiaries contributed 21.58 trillion won (approximately 116.3 billion yuan) in dividends to its South Korean headquarters, 158 times the previous year..
In addition, in August this year,Samsung also sold nearly half of its stake in Dutch semiconductor equipment company ASML, received approximately 3 trillion won (approximately 16.2 billion yuan) in cash.
Many analysts believe that Samsung's move is mainly to ensure its stability during the global economic downturn and does not raise funds for the major transactions that Samsung has previously hinted at.
Samsung previously stated during its financial results conference call in January 2021: “We will make meaningful acquisitions over the next three years. "According to this statement, the merger plan should be announced in January next year, but until now there has been no news or statement.
Some sources claim that Samsung has no acquisition plan because there is no suitable target. However, there does not seem to be such an M&A company on the market that Samsung can call a "big plan." I don't know what kind of medicine Samsung is selling.