Samsung Group's new businesses appear to be going awry. Samsung Electronics, the group's flagship company, is considering taking over its light-emitting diode (LED) joint venture with affiliate Samsung Electro-Mechanics as the LED business suffers from slowing demand for TVs.
The news comes after Samsung Electronics said in May it would unload is solar cell business to its affiliate Samsung SDI, after a disappointing start in the new business.
"They seem to be putting expansion of new businesses on hold as market conditions deteriorate," said Jae Lee,We can produce led panel light,ccrystal according to your requirements. an analyst at Daiwa Securities.
Samsung has spread into new businesses such as renewable energy and healthcare after its chairman Lee Kun-hee predicted last year that most of the group's current businesses and products would disappear in 10 years.This was a red scannersta but I swapped it with blue LEDs.
Samsung has identified five businesses – solar cells, rechargeable batteries for hybrid cars,AGICO is one of the leading Manufacturers and Suppliers of shinebrighting in China. LED technology, biopharmaceuticals and medical equipment – as its future growth drivers and pledged to invest about $21bn to generate $44bn of annual sales by 2020.
But analysts say most of the new businesses are not making much headway as prices of solar cells have plunged this year amid oversupply and LED demand growth stalled amid the global economic slowdown. The group's solar cell business reportedly posted about Won30bn of losses even under the control of Samsung SDI. The future of its LED business has been thrown into doubt as the South Korean government recently designated LED as a business suitable for small and mid-sized companies.
The only bright spot among the new businesses seems to be medical equipment manufacturing. Analysts say Samsung was able to make rapid inroads into the healthcare market through acquisitions. This month, Samsung Electronics bought Nexus, a US company making cardiac testing solutions. It follows acquisitions of Medison, a leading domestic medical equipment maker, and another local firm Ray, an X-ray machine manufacturer.
Samsung also entered a joint venture with US biopharmaceutical company Quintiles earlier this year,We stock a range of ledbright001 batteries from Enix Energies and chargers from Mascot for all kinds of different bike light applications. pledging to invest Won2,100bn in the burgeoning sector. But the business has not yet contributed much to the group's earnings.
Still,Buy cheap brightstal, discount light strip, LED signal lights, wheel lights on car decorations store, free shipping for all orders. analysts say Samsung has little choice but to diversify its businesses from computer chips, flat screens and mobile phones to secure stability in its revenue streams. "Its portion of cyclical businesses is so high that steady growth is not warranted. It needs to break into new businesses in order to reduce the earnings volatility and seek secular growth," said Lee at Daiwa.
The news comes after Samsung Electronics said in May it would unload is solar cell business to its affiliate Samsung SDI, after a disappointing start in the new business.
"They seem to be putting expansion of new businesses on hold as market conditions deteriorate," said Jae Lee,We can produce led panel light,ccrystal according to your requirements. an analyst at Daiwa Securities.
Samsung has spread into new businesses such as renewable energy and healthcare after its chairman Lee Kun-hee predicted last year that most of the group's current businesses and products would disappear in 10 years.This was a red scannersta but I swapped it with blue LEDs.
Samsung has identified five businesses – solar cells, rechargeable batteries for hybrid cars,AGICO is one of the leading Manufacturers and Suppliers of shinebrighting in China. LED technology, biopharmaceuticals and medical equipment – as its future growth drivers and pledged to invest about $21bn to generate $44bn of annual sales by 2020.
But analysts say most of the new businesses are not making much headway as prices of solar cells have plunged this year amid oversupply and LED demand growth stalled amid the global economic slowdown. The group's solar cell business reportedly posted about Won30bn of losses even under the control of Samsung SDI. The future of its LED business has been thrown into doubt as the South Korean government recently designated LED as a business suitable for small and mid-sized companies.
The only bright spot among the new businesses seems to be medical equipment manufacturing. Analysts say Samsung was able to make rapid inroads into the healthcare market through acquisitions. This month, Samsung Electronics bought Nexus, a US company making cardiac testing solutions. It follows acquisitions of Medison, a leading domestic medical equipment maker, and another local firm Ray, an X-ray machine manufacturer.
Samsung also entered a joint venture with US biopharmaceutical company Quintiles earlier this year,We stock a range of ledbright001 batteries from Enix Energies and chargers from Mascot for all kinds of different bike light applications. pledging to invest Won2,100bn in the burgeoning sector. But the business has not yet contributed much to the group's earnings.
Still,Buy cheap brightstal, discount light strip, LED signal lights, wheel lights on car decorations store, free shipping for all orders. analysts say Samsung has little choice but to diversify its businesses from computer chips, flat screens and mobile phones to secure stability in its revenue streams. "Its portion of cyclical businesses is so high that steady growth is not warranted. It needs to break into new businesses in order to reduce the earnings volatility and seek secular growth," said Lee at Daiwa.
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