Samsung Electronics seeks stake in China automaker BYD, electric car chips boost

Samsung Electronics seeks stake in China automaker BYD, electric car chips boost

The logo of Samsung Electronics is seen at the company's headquarters in Seoul July 6, 2012. REUTERS/Lee Jae-Won/Files

Samsung Electronics Co Ltd said on Friday it was in talks to acquire a stake in Chinese automaker BYD, a move it said would help the South Korean electronics giant boost its chip business for electric cars.

Samsung said it has not finalised how much it would spend to buy the stake, nor how big a holding it would take in BYD, which specialises in electric vehicles and is backed by Warren Buffett’s Berkshire Hathaway Inc.

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