Samsung Electronics to borrow $15.7 bn from Samsung Display

Samsung Electronics is planning to borrow 20 trillion won ($15.78 billion) from Samsung Display to use as operational funds.
Samsung Galaxy A8+ in IndiaSamsung said in a regulatory filing on Tuesday that it plans to borrow the funds at a 4.6 percent interest rate until August 2025.

Samsung indicated last month it has no plan to cut investment in chips this year, despite reporting an 8-year-low profit in the December quarter driven by a sharp industry downturn.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

More like this
Related

South Korea Smartphone Market Declines 0.5% in Q1 2026 as Premium and Foldable Demand Remains Strong

South Korea's smartphone market recorded shipments of 3.78 million...

Apple Faces $4 Billion UK Lawsuit Over iCloud as Tribunal Clears Class Action

Apple is facing a major legal challenge in the...

Global Smartphone Market to Shrink by 152 mn Units in 2026 as Average Selling Price Surges 21% to $565

The global smartphone industry is undergoing a major structural...