10 stories mentioning KRX:006400Updated 3d ago
Every FINWIRES story that references KRX:006400, newest first.
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Samsung SDI (KRX:006400) will invest 29.7 billion won in the SVIC No. 85 New Technology Business Investment Partnership, according to a Monday release.The investment aims to boost the group's business competitiveness through new technologies and business opportunities.Samsung Venture Investment formed the investment vehicle.Shares of the battery and electronic materials manufacturer fell more than 1% in recent trade.
Flashlight Capital Partners has sought access to the shareholder registers from five Samsung Group affiliates that collectively hold a 20.6% stake in S-1 Corp as part of its efforts to improve performance and shareholder returns, Reuters reported Wednesday.Flashlight founder and CEO Sanghyun Lee said that the move is to exert outsized influence over S-1, which has underperformed the benchmark KOSPI in recent years, the report said.The five Samsung Group affiliates include Samsung SDI (KRX:006400), Samsung Life Insurance (KRX:032830), Samsung Fire & Marine Insurance (KRX:000810), Samsung Securities Co., Ltd. (KRX:016360) and Samsung Card (KRX:029780).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Samsung SDI (KRX:006400) will sell the 13.1 million shares in holds in affiliate Samsung Display back to Samsung Display for 4.45 trillion won, securing funds for future growth investments, according to a Friday filing with the Korean Exchange.The South Korean manufacturer said that the over-the-counter deal includes share transfers at 340,000 won apiece, and the transaction is scheduled to close on Aug. 27.Following the transaction, the company will hold a 10.22% stake in Samsung Display.
Samsung SDI (KRX:006400) has ended its agreement with General Motors for their electric vehicle battery joint venture in Indiana, U.S., confirming an earlier report, according to a Tuesday filing with the Korea Exchange.The Korean battery and electronics manufacturer will purchase General Motors' 49.99% stake in SDI-GM Synergy Cells Holdings, making it a wholly owned company tentatively named Samsung SDI Synergy Cells Holdings.With the acquisition, the company looks to account for demand across several application markets such as energy storage systems and EV batteries.Meanwhile, Samsung SDI secured a new agreement with General Motors for the joint development of next-generation prismatic battery cells for possible future EV applications, according to a separate release.Shares of Samsung SDI fell over 4% in recent trade.
South Korea plans to establish a 5 trillion won semiconductor fund to support chip materials, parts, equipment, and fabless companies, Presidential Chief of Staff Kang Hoon-sik announced at a press briefing on Monday.The government will also provide an additional 5 trillion won in trade finance for suppliers.The funding forms part of President Lee Jae Myung's broader semiconductor initiative, which targets over $576 billion in new chip manufacturing projects by Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), Samsung Electro-Mechanics (KRX:009150), Samsung Display, Samsung SDI (KRX:006400), and Naver (KRX:035420).The government also plans to roll out a 10-year, 1 trillion won program to support cooperation between large firms and smaller suppliers in chip development, testing and mass production, according to the briefing.
Samsung SDI (KRX:006400) posted net income attributable to shareholders of the parent of 342.2 billion won for the second quarter, against an attributable net loss of 152.5 billion won a year earlier.Sales rose 18.5% to 3.769 trillion won from 3.179 trillion won for the three months ended June 30, according to a Thursday filing with the Korea Exchange.Shares of the battery and electronic materials maker fell nearly 2% in recent trade.
Samsung Group plans to invest 1,000 trillion won in South Korea over a period of 10 years, details of which will be announced on Monday at a meeting with President Lee Jae Myung at the presidential office, Reuters reported Friday, citing a Maeil Business Newspaper report that did not cite sources.The investment could potentially include 300 trillion won for the construction of chip factories in the southwest of the country, the report said.The investment will be used to build AI data centers, develop batteries and displays, according to Maeil Business as cited by Reuters.Samsung Group comprises chip giant Samsung Electronics (KRX:005930), battery maker Samsung SDI (KRX:006400), and IT services firm Samsung SDS (KRX:018260), among others.Samsung did not immediately reply to' request for comment.Shares of Samsung Electronics fell nearly 7% while those of Samsung SDI declined nearly 5%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Samsung SDI (KRX:006400) posted a first-quarter net loss attributable to shareholders of 28.1 billion won, narrowing from 220.5 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the battery and electronic materials manufacturer were up 13% year over year to 3.576 trillion won from 3.177 trillion won.Shares of Samsung SDI jumped over 6% in recent trade.
Samsung SDI (KRX:006400) and German automaker Mercedes-Benz signed a multi-year agreement under which the former will supply batteries for next-generation electric vehicles to the latter, the battery and electronic materials manufacturer said in a Monday release.The batteries will feature high-nickel, cobalt, and manganese, which would offer high energy density, more driving range, long lifespan, and high power, the release said.The two firms will also collaborate on future mobility and develop next-generation battery technology, it said.Shares of Samsung SDI jumped nearly 5% at market close.
