Samsung Electro-Mechanics Proceeding with Sale of Wi-Fi Module Business Previously Canceled

[Asia Economy Reporter Jeong Hyunjin] Samsung Electro-Mechanics is reportedly making another attempt to sell its Wi-Fi module business, which was previously canceled.

According to the semi-annual report recently disclosed by Samsung Electro-Mechanics on the 23rd, the company is proceeding with the sale of shares in its Thai subsidiary, Samsung Electro Mechanics. The sale target is known to include the Wi-Fi module business division within the Thai subsidiary.

In January, Samsung Electro-Mechanics signed a contract to sell the Wi-Fi module business to Witz, a subsidiary of the mid-sized Korean company Chemtronics, for 105.5 billion KRW, but the sale was canceled in May when Witz terminated the contract. At that time, Witz cited rapid changes in the Wi-Fi module market and the potential deterioration of profitability as reasons for canceling the contract.

Samsung Electro-Mechanics plans to restructure its business by divesting non-core operations and focusing on IT and automotive multilayer ceramic capacitors (MLCCs), as well as high-spec semiconductor package substrates.

Regarding the resale of the Wi-Fi module business, a Samsung Electro-Mechanics official stated, "The business is still operating normally, and nothing has been finalized." Earlier, during the Q2 earnings conference call at the end of last month, Samsung Electro-Mechanics said about the Wi-Fi module business sale, "No future plans have been decided at this point," adding, "We will communicate with the market once specific details are finalized."

This content was produced with the assistance of AI translation services.