Samsung Electronics Interested in Acquiring Automotive Semiconductor Companies

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www.businesskorea.co.kr, Feb. 01, 2021 – 

As Choi Yoon-ho, chief financial officer of Samsung Electronics, officially announced the company's plan to aggressively pursue M&A deals at a conference call on Jan. 28, the M&A market is turning its eyes to the automotive semiconductor industry.

NXP in the Netherlands, Texas Instruments (TI) in the U.S., and Renesas in Japan are emerging as attractive M&A targets for Samsung Electronics. "Samsung Electronics already conducted due diligence on NXP and TI in 2019," an investment banking industry insider said. There have been persistent rumors that Samsung is considering acquiring NXP.

Automotive semiconductors have huge growth potential. According to market research firm Gartner, the value of semiconductors put into a single car was US$400 in 2018, but the figure is expected to exceed US$1,000 in 2024 when self-driving cars will become popular,.

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