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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
End-of-day quote Korea Stock Exchange  -  2023-01-25
63900.00 KRW   +0.79%
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Qualcomm Announces Samsung as Presenting Partner of the Snapdragon Pro Series

12/08/2022 | 06:20am EST

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

One of the world's largest multi-title mobile esports leagues, Snapdragon Pro Series, will use Samsung Galaxy devices for competitions through Snapdragon Masters in 2024.

Snapdragon Pro Series will feature Samsung across multiple regions: North America; India; Europe, Middle East, and North Africa; and Asia-Pacific.

Qualcomm Technologies, Inc. announced Samsung Electronics Co., Ltd. has been named the official smartphone partner of the Snapdragon Pro Series. Snapdragon Pro Series competitors at the Mobile Challenge and Mobile Masters levels will exclusively use Samsung Galaxy devices powered by Snapdragon Mobile Platforms for sanctioned competitions, beginning with the Snapdragon Pro Series Mobile Challenge Finals at DreamHack Valencia.

'We're committed to bringing high-performance Samsung Galaxy devices powered by Snapdragon to the hands of billions of gamers around the world to promote both camaraderie and competition,' said Stephanie Choi, Executive Vice President and Head of Global Marketing, Samsung. 'As the Official Smartphone Partner of the Snapdragon Pro Series, this announcement deepens our existing collaboration with Qualcomm Technologies and is an important next step in our pursuit to advancing mobile technology in the esports world.'

'The collaboration between ESL FACEIT Group, Samsung and Qualcomm Technologies demonstrates our collective dedication to revolutionizing mobile esports through unparalleled accessibility and inclusivity to enable the era of everyone,' said Don McGuire, SVP of Qualcomm Technologies, Inc. and CMO of Qualcomm. 'We look forward to showcasing the premium, mobile-first gaming features and superior performance of Samsung Galaxy devices powered by Snapdragon, as the world's top mobile gamers compete on esports' biggest international stages.'

ESL FACEIT Group (EFG), the leading provider of competitive games and esports entertainment, has already led the Snapdragon Pro Series to be one of the largest global multi-title mobile esports leagues, emphasizing its priority to democratize competition access for the latest and next generation of passionate mobile players.

'By leveraging industry-leading technology from Samsung and Qualcomm Technologies, EFG will continue to heighten the competitive experience for mobile gamers worldwide,' said Kevin Rosenblatt, SVP Game Ecosystems at ESL FACEIT Group (EFG). 'Our collaboration highlights that now more than ever, the phone in your pocket is a gateway to amazing competitive gaming experiences.'

For more information about the Snapdragon Pro Series, please visit https://snapdragonproseries.com/ and follow the Snapdragon Pro Series on Facebook, Twitter, and Instagram.

About Qualcomm

Qualcomm is enabling a world where everyone and everything can be intelligently connected. Our one technology roadmap allows us to efficiently scale the technologies that launched the mobile revolution - including advanced connectivity, high-performance, low-power compute, on-device intelligence and more - to the next generation of connected smart devices across industries. Innovations from Qualcomm and our family of Snapdragon platforms will help enable cloud-edge convergence, transform industries, accelerate the digital economy, and revolutionize how we experience the world, for the greater good.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
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Financials
Sales 2022 302 996 B 245 B 245 B
Net income 2022 35 372 B 28,6 B 28,6 B
Net cash 2022 111 346 B 90,2 B 90,2 B
P/E ratio 2022 11,9x
Yield 2022 2,28%
Capitalization 428 867 B 347 B 347 B
EV / Sales 2022 1,05x
EV / Sales 2023 1,10x
Nbr of Employees -
Free-Float 83,1%
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Mean consensus BUY
Number of Analysts 39
Last Close Price 63 900,00 KRW
Average target price 75 051,28 KRW
Spread / Average Target 17,5%
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Managers and Directors
Jong-Hee Han Vice Chairman & Co-Chief Executive Officer
Kye Hyun Kyung Co-Chief Executive Officer & Executive Director
Hee-Chan Roh Chief Financial Officer
Han-Jo Kim Chairman
Jae-Yong Lee Executive Chairman
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