Shares in Samsung Electronics Co. and affiliates rose on Monday following the death on a daily basis early in the day of Chairman Lee Kun-hee sparked hopes for stake sales, greater dividends and restructuring that is long-awaited analysts stated.
Investors are wagering that the imperatives of keeping Lee family members control and inheritance that is having to pay — estimated at 10 trillion won ($8.9 billion) for listed stockholdings alone — would be the catalyst for change, although analysts are divided on what form that change will need.
Samsung Electronics (OTC:SSNLF)’ display device has received licenses from U.S. authorities to carry on supplying display that’s sure services and products to Huawei Technologies [HWT.UL], a source knowledgeable about the matter told Reuters on Tuesday.
With U.S.-China ties at their worst in decades, Washington happens to be pushing governments across the world to squeeze away Huawei, arguing that the telecom giant would control information to the government that is Chinese spying. Huawei denies it spies for Asia.
From Sept. 15, brand new curbs have barred U.S. companies from supplying or serving Huawei.
Samsung (KS:005930) Display, which matters Samsung Electronics and Apple (NASDAQ:AAPL) as major customers for organic light-emitting diode (OLED) display displays, declined comment.
Huawei had not been immediately available for comment.
It is still not clear whether Samsung show will be able to export its panels which are OLED Huawei as other companies into the supply chain making components essential to produce panels would also need to get U.S. licenses.
Samsung’s cross-town rival LG Display (NYSE:LPL) said on Thursday so it and other companies, including semiconductor organizations that are many, want to get licenses to resume company with Huawei. Shares in Samsung Electronics Co. and affiliates rose on Monday.
Last month, Intel Corp (NASDAQ:INTC) stated it had received licenses from U.S. authorities to keep providing products which are certain Huawei.