This tale begins just a few days ago when Samsung’s finance department released a report suggesting the separation of the Foundry and System LSI businesses from the parent company, with plans to take these divisions public in the United States. Speculation arose that Samsung might actually follow through with this separation.
However, executives from Samsung Electronics recently clarified that the company has never had any intentions to split these businesses, emphasizing their commitment to further growing and developing them without pursuing corporate divestitures.
The rationale behind Samsung Securities’ proposal for this course of action stems from the perceived underperformance of the identified business segments compared to industry rivals. Recent efforts to expand manufacturing facilities in the United States and South Korea have reportedly not aligned with initial plans.
Source: Sam Mobile
TLDR: Samsung’s finance department proposed separating its Foundry and System LSI businesses, but company executives clarified they have no intentions of doing so, focusing instead on growing the businesses. Proposed separation was based on underperformance compared to industry competitors, with recent expansion efforts not meeting expectations.
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