Samsung Electronics Sells Additional ASML Shares... Secures 1.3 Trillion Won in Cash

Continuous Sales Following 2Q... Securing 4.3 Trillion Won in Cash

Samsung Electronics secured cash by selling part of its stake in Dutch semiconductor equipment company ASML in the third quarter, following a sale in the second quarter.

According to the quarterly report disclosed by Samsung Electronics on the 14th, the number of ASML shares held by Samsung Electronics decreased from 2,750,072 shares (0.7% stake) at the end of June to 1,580,407 shares (0.4% stake) at the end of September.

During the same period, the value of the stake dropped from 2.601 trillion KRW to 1.2562 trillion KRW. Therefore, the amount Samsung Electronics is estimated to have gained from selling ASML shares in the third quarter is approximately 1.3 trillion KRW.

Earlier, in the second quarter, Samsung Electronics also disposed of 3,547,715 ASML shares, securing about 3 trillion KRW in funds.

Samsung Electronics purchased a 3.0% stake in ASML for about 700 billion KRW in 2012 to collaborate on the development of next-generation lithography equipment. Later, in 2016, it sold half of its holdings to recover investment costs.

This year, Samsung Electronics’ consecutive sales of ASML shares are known to be aimed at securing funds for semiconductor investments.

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