Chinese companies looking to acquire Samsung manufacturing partners
Chinese corporations such as BOE are looking to expand their supply of LCD displays and other technologies by acquiring existing manufacturers around the world. Such investments would allow even faster growth than building entirely new facilities from the ground up and analysts are seeing this as a threat to competing electronics companies like Samsung.
According to a South Korean report, Chinese companies are pressure on SK Hynix and other Samsung suppliers. Acquiring South Korean suppliers and engineers would simultaneously boost production volume of Chinese products while hampering other companies who rely on those same resources.
Samsung reportedly holds around 500 partnerships in Korea alone while LG and SK Hynix are also inextricably tied with around 500 and 1500 other firms, respectively. BOE had previously attempted to acquire Korean IC firms and SK Hynix, but ultimately failed and instead settled for supply contracts.
While Samsung and Apple are still big name manufacturers, Chinese companies like Xiaomi and Huawei are growing at a very rapid pace. Lenovo and Huawei in particularly have been outpacing Xiaomi to become part of the top 5 smartphone manufacturers in the world.