© Reuters. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji
SEOUL (Reuters) – Samsung Electronics (OTC:) plans to borrow 20 trillion won ($15.78 billion) from unit Samsung (KS:) Display to use as operational funds, the tech giant said in a regulatory filing on Tuesday.
Samsung plans to borrow the funds at a 4.6% interest rate until August 2025, it said.
Samsung indicated last month it has no plan to cut investment in chips this year, despite reporting an 8-year-low profit in the December quarter driven by a sharp industry downturn.
($1 = 1,267.7500 won)
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