As president and chief strategy officer of Samsung, Sun said he is eager to promote Samsung's expansion in the automotive market, digital health and industrial automation.
Samsung overtook Intel Corp. this year to become the world's largest maker of chips, and Samsung has released the signal to pursue deals over the past year. Samsung said the company is looking for acquisition targets to develop software and services to differentiate its products. , Samsung did not disclose too much information about the areas ready for mergers and acquisitions.
'We are committed to using mergers and acquisitions as a tool and I think Harmar's acquisitions have helped us to reap more confidence,' said Sun Yingquan at the Slush Venture Capital and Investment Conference in Helsinki, to Reuters. 'I believe we will not Can do more.
Sun does not seem to be concerned about Samsung's future potential for further integration in the semiconductor or smart phone market, hinting that Samsung is focused on natural growth in these areas. Samsung is currently the leader in the chip and smart phone market and he said in September this year, based on the acquisition Harman, the supplier of automotive parts, and the company's leading position in the mobile communications market, Samsung aims to become a major player in the field of autonomous driving.
When asked about Samsung's focus on next year's deal, he said Samsung will continue to invest in and expand its automotive business. "Another area of opportunity" that Sun Yingquan has chosen is digital health, especially health and epidemic prevention and related technologies.
Finally, in business software, Sun stated that Samsung is looking for acquisition targets in industrial internet, automation, networking, data transmission and security. 'We are a very cautious and conservative company, so we will only make reasonable deals,' said Sun Yingquan He also said Samsung will also implement some small buyouts.