Samsung is a company that has tremendous net worth but that shouldn’t be surprising given the many, many, many cookie jars that the company has its hands in. To put it another way, Samsung is involved in a bunch of different industries and therefore is making money hand over fist. Of course most consumers know Samsung from its phones and TVs, but it dabbles in a bit of everything from home theater to personal headphone audio. It also runs its own chip fabrication, and it even manufactures and sells home appliances.
Al of that has led Samsung to become one of the world’s largest and most valuable companies, especially in South Korea, where it is now the only company to have broken a major money milestone.
Samsung is the only company in Korea with a net worth that allows for nearly $150 million in cash assets
According to new reports, data shows that Samsung is now the only company in Korea that will have cash assets that are worth nearly $150 million. The report states that Samsung will have cash assets of more than 200 trillion won. SamMobile reports that the amount in USD is about $146.6 billion. Reports also state that Samsung plans to use that money in a variety of ways, including expansion of its chip-making facilities.
Samsung has been spending a lot of money on manufacturing chips for AI data centers since the start of this year. Alongside Micron and SK Hynix, Samsung has helped expedite the RAM crisis and the resulting high prices on manufacturing components.
Samsung will also reportedly spend some of those cash reserves on research and development, though it isn’t mentioned what the research will be for. In other news, Samsung DX workers are demanding bonuses in the same way they were given to the company’s chip workers earlier this year.
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