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[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Electronics has sold all of its stakes in ASML, a Dutch semiconductor equipment maker.
According to an audit report by Samsung Electronics on the 22nd, the company sold all 1,584,407 shares (0.4%) of its ASML stake in the fourth quarter of last year.
Samsung Electronics purchased a stake in ASML for 700 billion won in 2012. Since then, it has realized profits several times in 2016 and last year. Based on the value of the ASML stake announced earlier, the total amount of stake sales is about 6.1 trillion won.
Samsung Electronics' move to liquidate its stake in ASML seems to be aimed at securing new investment resources.
Samsung Electronics recorded a huge operating loss in the business last year due to the semiconductor recession. However, during the same period, the company has invested 53.1 trillion won and 28.34 trillion won in facility investment and R & D (R & D), respectively.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
