Accelerated Yongin investment well within Samsung, SK hynix financial flexibility: S&P

Samsung Electronics and SK hynix have sufficient financial flexibility to accelerate planned investment in the Yongin semiconductor cluster, S&P Global Ratings said Tuesday, easing concerns that the chipmakers' upcoming investment package could weigh on their financial stability. Speaking at a media briefing in Seoul, Jeremy Kim, associate director for Asia-Pacific corporate ratings at S&P Global Ratings, said the timing of the planned investment in the chip cluster in Yongin, Gyeonggi Province, could be brought forward, resulting in a modest increase in capital expenditure over the next two years. "There could be some increase in capital expenditure this year and next, but both SK hynix and Samsung Electronics have sufficient financial capacity to absorb that through their free cash flow," Kim said. The comments came a day after Samsung Electronics and SK hynix unveiled an approximately 4,700 trillion won ($3.4 trillion) investment package, including about 3,500 trillion won earmarked for expanding production of advanced semiconductors and artificial intelligence (AI) data centers. SamsWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times