effort to release capital and focus on strengthening its core business.
As announced by the tech giant, sold shares of the american Rambus and Seagate, the japanese Sharp and the Dutch ASLM.
Specifically, he sold half of the 3% rate in the ASML and the whole rates of the other. Samsung held a 4.5% in Rambus, 0.7% in the Sharp and 4.2% in the Seagate.
The company buys in years of shares in other technology companies, such as manufacturers of microchip.
“The objective was the strengthening of the core activities of the company, through an effective management of investments” mentioned in the announcement of the Samsung.
The profits gained, according to the news agency Yonhap, amounting to 1 trillion. won.
It is not clear whether the sales of shares related to the problems of the new smartphone Galaxy Note 7, which is withdrawn in a hurry from the market due to risk of ignition. Samsung expected the new spartphone to be the rival to the iPhone 7 launched by the Apple.
Source
Samsung: he Cashed in the shares of the four technological giants
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