Reginal Thomas
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Samsung Is Looking To Expand


Samsung Electronics Co. is moving to expand the companies reach beyond mobile devices and is using $39 billion to do it. The company is moving its focuses on expanding because of fears that the electronics markets is coming near to saturation. The companies is moving more aggressively with only investing in $1 billion in 14 different companies over the last three years. Samsung's CFO Lee Sang Hoon also announced today, the company was considering its dividend at 1 percent of its average stock price, this could double the cash payout to investors. Low cost products from Chinese producer who are undercutting prices has lead to Samsung shares having a decline for the first time in five years. Lee also said, "We will expand our merger and acquisitions strategy beyond a few target areas to pursue opportunities across a wide range of fields."