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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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Samsung to supply new advanced auto chip to Volkswagen

11/29/2021 | 09:18pm EST
FILE PHOTO: The logo of Samsung Electronic is seen at its headquarters in Seoul

SEOUL (Reuters) - Samsung Electronics on Tuesday revealed new auto chips targeting demand for advanced chips in cars, including one mounted in Volkswagen's infotainment system developed by LG Electronics.

Demand is rising for "high-tech" automotive chips that can handle more entertainment consumption and increased electrical components in cars, Samsung said in a statement, saying that it plans to actively respond to the growing demand.

The chips, developed by Samsung's logic chip design business System LSI, include a chip enabling 5G-based telecommunications for downloading high-definition video content during transit, and a power management chip for stable electricity supply.

A third chip, an infotainment processor that can control up to four displays and 12 cameras at once, has been mounted in Volkswagen's high-performance computer called In Car Application Server (ICAS) 3.1, developed by LG Electronics' vehicle components business, Samsung said.

Samsung and cross-town rival LG Electronics have both targeted the expansion of the global electric vehicle market and the rapid electrification of cars as opportunities to sell more high-tech chips and sophisticated components, analysts said.

(Reporting by Joyce Lee; Editing by Leslie Adler)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LG ELECTRONICS INC. -4.64% 133500 End-of-day quote.-3.26%
SAMSUNG ELECTRONICS CO., LTD. -1.18% 75600 End-of-day quote.-3.45%
VOLKSWAGEN AG -1.63% 187.62 Delayed Quote.5.71%
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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
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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 12,7x
Yield 2021 1,91%
Capitalization 508 177 B 427 B 426 B
EV / Sales 2021 1,43x
EV / Sales 2022 1,24x
Nbr of Employees -
Free-Float 82,7%
Chart SAMSUNG ELECTRONICS CO., LTD.
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Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Last Close Price 75 600,00 KRW
Average target price 101 307,69 KRW
Spread / Average Target 34,0%
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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