Samsung sold ASML shares worth over $2.2 billion

Samsung sold ASML shares worth over $2.2 billion.

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The sale was made in the second quarter of 2023.

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Samsung sold 3.5 million shares of ASML.

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This represents a 0.9% stake in the Dutch chipmaker.

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The sale is likely a way for Samsung to raise cash.

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Samsung is facing financial headwinds due to the chip slowdown.

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The company's operating profit fell 95% in the second quarter of 2023.

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Samsung is also investing heavily in its own chipmaking capabilities.

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The sale of ASML shares could free up cash for these investments.

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It remains to be seen what the long-term impact of the sale will be on Samsung's relationship with ASML.

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