The company stands out for having lots of cash and a diversified business, Hannah Gooch-Peters of asset management firm Sanlam Investments UK tells CNBC Pro.
South Korean giant Samsung Electronics has an edge over other semiconductor companies, according to Hannah Gooch-Peters of asset management firm Sanlam Investments UK. That's because it has lots of cash and a diversified business, the global equity investment analyst told CNBC Pro Talks last week. Semiconductor firms have "to massively invest," Gooch-Peters said.
The foundry business, which is a "very specialized business," and the company's "massive" amount of capital, are what's giving Samsung an edge, Gooch-Peters said. "So what we're seeing there is heavy investment in that part of the business, but we think that the long term sort of growth trajectory is really exciting. And you know … if you've got generative AI you need these memory chips to be able to use it," she added.
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