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© designersart dreamstime.com Electronics Production | September 16, 2016

Samsung sells stake in Sharp

The South Korean company has sold its stake in Sharp following EMS-giant Foxconn’s investment in the company.
It wasn’t really a massive stake to begin with, Samsung owned about 35.8 million shares – or about 0.7% – through a Japanese unit, according to Nikkei. However, even though Samsung only held 0.7%, the value of the unloaded holdings comes to approximately USD 45 million.

Samsung has been selling of non-core business – example of that being the most recent sale of its printer business – and this might just be another step in that strategy.
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January 17 2019 2:20 pm V11.11.0-2