Samsung to Use its $56 Billion Cash to Fund Growth

Samsung Electronics’ head of investor relations, Robert Yi, has said that the company plans to use its $56 billion cash to fund growth, which could include mergers and acquisitions.

Speaking in an interview with Reuters, Yi said that Samsung was mainly focused on acquisitions which would be a good fit for Samsung’s business, adding that over the last two years the company has struck 10 deals.

Analyst Comment

Samsung told us at CES that it is looking at an acquisition to allow a quick entry to the outdoor LED market. (BR)