October 15, 2001 in Social Responsibility News

Acquisition of Set-top Box related assets

Details
Samsung Electronics Co., Ltd. has decided to acquire some assets related to STB business from Samsung Electro-Mechanics Co., Ltd.
- Acquiring Assets: R&D, Quality control equipment, raw materials and finished goods (a total of KRW 7.26 billion)
- Asset was evaluated by Korea Appraisal Board
(an independent appraisal firm in Korea)


Background
Since Samsung Electronics has considered the STB as a critical device of Home Network Business for the future, the Company has been actively looking for opportunities to expand its business.

The recent decision of SEMCO to exit from the Set-Top-Box business had provided Samsung Electronics with an opportunity to acquire some assets, thus further strengthen the foundation for the development of Home Network Business.


Future plans
A new Home Network Solution Team within the Digital Media Division will be established to concentrate on R&D and Marketing.
The manufacturing of STB will either be out-sourced to a domestic company or done by the overseas subsidiaries.


Welcome to Samsung

Sign up & get 10% off

Sign up and get 10% off your first order of $100 or more! Shop Samsung.com to find the best tech at the best prices and recieve news on our latest technology and exclusive offers.*

*Exclusion apply. Order must be a minimumm of $100 or more. Offer valid only for new Samsung.com customers. Must sign up for emails by 11/12/16. Promo code must be used by 11/19.

Fast, easy checkout with Shop Samsung App
Easy sign-in, Samsung Pay, notifications, and more!
Or continue shopping on Samsung.com
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×

You Are About To Be Redirected To Investor Relations Information for U.S.

Thank you for visiting Samsung U.S. Investor Relations. You will be redirected via a new browser window to the Samsung Global website for U.S. investor relations information.
CANCEL
CONTINUE
×

Redirect Notification

As of Nov. 1, 2017, the Samsung Electronics Co., Ltd. printer business and its related affiliates were transferred to HP Inc.

For more information, please visit HP's website: http://www.hp.com/go/samsung


Select CONTINUE to visit HP's website.

CANCEL
CONTINUE