Samsung set to become first South Korean company with $147 billion in cash assets

Samsung Electronics is on course to become the first South Korean company to cross the 200 trillion won ($146.6 billion) mark in cash assets, buoyed by a surge in demand for artificial intelligence (AI) chips and a global semiconductor upcycle, industry data showed on Sunday.

The world’s largest memory chipmaker is estimated to have held 214.8 trillion won in cash and cash equivalents at the end of the third quarter, an increase of 24.8 trillion won from the 190 trillion won reported three months earlier.