Samsung Electronics to borrow $15.7 bn from Samsung Display

Samsung Electronics is planning to borrow 20 trillion won ($15.78 billion) from Samsung Display to use as operational funds.
Samsung Galaxy A8+ in IndiaSamsung said in a regulatory filing on Tuesday that it plans to borrow the funds at a 4.6 percent interest rate until August 2025.

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.