A report published by Moody’s Investors Service claims that Samsung is the second richest company, in terms of cash in Asia. The leading Cash Rich Company in Asia is China Mobile.

About 120 Asian companies were surveyed by the firm whose cash-to-debt ratio was found to be over 400 percent or average balance per corporate of $1.5 billion, which is higher than the average per corporate in the United States.

Samsung is a known face in the Mobile WiMAX industry and today they’ve announced to join hands with Japan-based UQ Communications and also join WiMAX Innovation Network.

For the Japanese WiMAX operator, Samsung will play the role of primary Mobile WiMAX equipment vendor that will allow them to deploy and optimize WiMAX network in Japan.

As for the WiMAX Innovation Network, Samsung is expected to be the technical assistant and provide interoperability test lab for approved developers in Malaysia.