Mergers and Acquistions News
Categories: Semi-Conductors
October 24th 2011, 12:17PM
Samsung Electronics appears set to be involved in several takeover deals in the near future as it looks to significantly expand its holdings in the semiconductor sector.
According to Reuters, the Korean company is hoping to up its involvement in this market by as much as 50 per cent throughout the duration of next year to a total of $13 billion (£8.1 billion).
The news source cited a report in the Maeli Business Newspaper, which indicated that of this large budget set aside for such operations over the course of the next 12 months, more than half will be focused on Samsung's non-memory business.
This forms part of the firm's plan to enhance the processors and image sensors it produces, which are used in devices such as its very own Galaxy S smartphone and Apple's iPhone and iPad.
Recently, it emerged that Sony is looking into the possibility of acquiring 100 per cent of the Sony Ericsson brand in the near future.
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