SSNLF - Samsung is said to be considering potential M&A candidates

Samsung Electronics (OTC:SSNLF) is said to be looking at potential candidates in the automotive semiconductor segment after its recent investment in a new fab. Samsung, as has been reported previously, has looked at a potential purchase of NXP Semiconductors (NASDAQ:NXPI) several times since 2016, though the companies haven't been able to come to terms on a price, according to a DongA report. NXPI's "ransom price" is is estimated to be between 60 trillion won and 80 trillion won, though antitrust would still be a huge issue if an agreement could be reached. Other potential targets for Samsung could include Texas Instruments (NASDAQ:TXN), Japan's Renesas Electronics (OTCPK:RNECF) and STMicroelectronics (NYSE:STM), according to DongA. Recall late August, Samsung unlikely to target NXP Semiconductors for acquisition. The Korea Times also reported in early February that Samsung wanted to acquire an auto chip company with NXP, Infineon (OTCQX:IFNNY), Renesas (OTCPK:RNECF) and Texas Instruments (TXN) among potential targets.

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Samsung is said to be considering potential M&A candidates