The global economic downturn has led to a sell off in equities across the globe. Samsung Electronics hasn't been immune to these conditions. According to the Korea CXO Institute (via BusinessKorea), the market capitalization of Samsung Electronics saw a sharp decline from 469 trillion won to 340 trillion won in the first half of 2022.
During this period the National Pension Service of South Korea, which happens to be one of the biggest shareholders in Samsung Electronics, reduced its shareholding slightly to 30.34 trillion won from 40.47 trillion won.
Global economic conditions have impacted capital markets
Industry sources claim that the market capitalization of Samsung Electronics will see no sign of a rebound and may continue to plunge even further. This is because the current state of the global semiconductor sector is headed for recession. While Samsung is doing all it can to challenge the situation, the lag is so great that it would require something extraordinary to withstand the current state of the semiconductor market.
It is not just Samsung, but the Taiwanese semiconductor companies are also seeing falling sales during these present times. According to market research firm IC Insights, last month, the monthly sales of the top 10 Taiwanese semiconductor suppliers, which include major semiconductor manufacturers such as TSMC, MediaTek, and Novatek, stood at NT$300 billion. This is down by 5% from the previous month.
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