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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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End-of-day quote. End-of-day quote Korea Stock Exchange - 01/17
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Samsung's Lee visits U.S ahead of likely $17 billion chip plant decision-media

11/15/2021 | 02:33am EST
Samsung Electronics Vice Chairman Jay Y. Lee arrives at a court in Seoul

SEOUL (Reuters) - Samsung Electronics vice chairman Jay Y. Lee is visiting North America in his first high-profile trip after serving jail time for bribery, with a decision imminent on the company's planned $17 billion U.S. chip plant.

Lee left Seoul on Sunday and his trip to Canada and the United States is expected to coincide with a decision on the location of the new plant, Yonhap and other local media said.

A site in Texas' Williamson County, near the city of Taylor, offered the better incentives package among various sites Samsung has been considering for the new chip plant that is set to make advanced logic chips, sources previously told Reuters.

Since Samsung vice chairman Kim Kinam confirmed the chip plant plan in May, Samsung has been comparing incentives and working out who pays what in convoluted land and other agreements, while also considering the available amount of stable utilities such as water and electricity, one of the sources with knowledge of the matter said.

The source declined to be identified as they were not authorised to speak to media.

A winter storm in the first quarter hit Samsung's chip plant in Austin, Texas, laying bare the importance of stable utilities, as a shutdown caused by blackouts affected wafers corresponding to around 300-400 billion won ($254-339 million) of damages.

"I am set to meet many U.S. partners," Lee told reporters before his flight on Sunday, without elaborating.

He said he also expected to visit Boston, where COVID-19 vaccine maker Moderna's headquarters are located.

Last month, South Korea granted emergency use approval for Moderna's vaccine produced by drugmaker Samsung BioLogics, which has a "fill and finish" deal with Moderna.

Lee was convicted in January of bribery and embezzlement and sentenced to 30 months in jail - including a year served before his sentencing. Upon his parole in August, the presidential office said it expected Lee will help the country procure "semiconductors and vaccines".

($1 = 1,179.6200 won)

(Reporting by Joyce Lee; editing by Richard Pullin and Kim Coghill)

By Joyce Lee


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MODERNA, INC. -2.59% 204.73 Delayed Quote.-19.39%
SAMSUNG BIOLOGICS CO.,LTD. -2.82% 826000 End-of-day quote.-8.53%
SAMSUNG ELECTRONICS CO., LTD. 0.26% 77500 End-of-day quote.-1.02%
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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
More recommendations
Financials
Sales 2021 278 689 B 234 B 234 B
Net income 2021 39 330 B 33,0 B 33,0 B
Net cash 2021 108 525 B 91,1 B 91,1 B
P/E ratio 2021 13,0x
Yield 2021 1,86%
Capitalization 521 824 B 438 B 438 B
EV / Sales 2021 1,48x
EV / Sales 2022 1,28x
Nbr of Employees -
Free-Float -
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Last Close Price 77 500,00 KRW
Average target price 101 307,69 KRW
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Hee-Chan Roh Chief Financial Officer
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