Samsung's earnings slump on rapid drop-off in chip demand
2 years, 2 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest rates and the impact of Russia's invasion of Ukraine. Samsung, the world's top maker of memory chips, smartphones and televisions, is a bellwether for global consumer demand and its disappointing preliminary results add to a flurry of earnings downgrades and gloomy forecasts. "Memory chip business is worse than expected, DRAM chip shipments may be down by higher-teens percentage versus second-quarter," said Park Sung-soon, an analyst at Cape Investment & Securities. Analysts have said Samsung remains over-exposed to demand dependent businesses such as mobile phones and memory chips that are vulnerable to economic downturns, in the absence of a larger share in long-term chip contract manufacturing.

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History of this topic

Samsung reports 'major' progress in supply deal for AI chips
1 month, 3 weeks ago

Samsung reports 'major' progress in supply deal for AI chips

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Samsung posts a 15-fold increase in operating profits in last quarter
4 months, 3 weeks ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
5 months, 3 weeks ago

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold

The Hindu  

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won in the quarter ended June 30, according to the average of an …

Samsung’s profit surges after AI boom reverses chip losses
7 months, 3 weeks ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
7 months, 3 weeks ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung witnesses new opportunity in AI: Know-how
9 months ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Samsung sees tech devices demand recovering in 2024 after record chip loss
10 months, 3 weeks ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Samsung says chips to recover in 2024 after best quarterly profit this year
1 year, 1 month ago

Samsung says chips to recover in 2024 after best quarterly profit this year

The Hindu  

Samsung Electronics on Tuesday flagged gradual demand recovery in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of rebound from a severe downturn. The proliferation of on-device artificial intelligence functions will increase appetite for DRAM chips in premium products in 2024, the world's biggest memory chip and smartphone …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 2 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

Samsung cuts pay hike to average 4.1 per cent, freezes raises for board members
1 year, 8 months ago

Samsung cuts pay hike to average 4.1 per cent, freezes raises for board members

India TV News  

Samsung business news : Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown. The pay raise is lower than the 9 per cent wage hike of the previous year, …

Samsung to cut chip output to ride out downturn: Report
1 year, 8 months ago

Samsung to cut chip output to ride out downturn: Report

Hindustan Times  

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. Samsung jumped 4.5% in early trading in the biggest one-day rise since September, while rival SK Hynix Inc's shares surged 5.6% The …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
1 year, 9 months ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 1 month ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means
2 years, 4 months ago

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means

News 18  

-Intel Corp slashed its annual sales and profit forecasts on Thursday after missing estimates for second-quarter results as demand for its chips used in personal computers cools, sending shares down 10%. The company also forecast current-quarter results well below expectations, blaming the "sudden and rapid decline" in economic activity and execution issues. "The economic shift was harsher and drove not …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 5 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC
2 years, 5 months ago

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC

News 18  

SEOUL: Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and …

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 6 months ago

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report

News 18  

Samsung has reached its highest global smartphone market share in the last five years. This comes after Samsung regained the top spot as the best-selling smartphone brand in Q1 2022 with a market share of about 24 percent. While Samsung’s market share has reached 24 percent, Apple took a 15 percent share, and Xiaomi, the second-biggest Android took a 12 …

Samsung Cutting Down Smartphone Production By 30 Million Units: Report
2 years, 6 months ago

Samsung Cutting Down Smartphone Production By 30 Million Units: Report

News 18  

After Apple, Samsung is now said to be cutting down production, according to a report. Samsung, which is currently the world’s leading smartphone maker, will ramp down production by 30 million units for 2022, a report in South Korea’s Maeil Business News has said. Now, Samsung’s news comes after the South Korean manufacturer became the top-selling smartphone manufacturer. Apart from …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 7 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung in talks to hike chipmaking prices by up to 20%
2 years, 7 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 7 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 7 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Global DRAM Memory Market And Prices Down in Q4: Report
2 years, 10 months ago

Global DRAM Memory Market And Prices Down in Q4: Report

News 18  

Global dynamic random access memory shipments dropped nearly 6 percent in the fourth quarter from three months earlier, a report showed on Friday, amid sluggish demand from manufacturers that had hoarded up the key consumer electronics component over continued chip shortages. DRAM revenue at Samsung Electronics Co., the world’s largest memory chipmaker, dropped to $10.5 billion in the fourth quarter, …

Samsung’s fourth-quarter revenue is best ever
2 years, 10 months ago

Samsung’s fourth-quarter revenue is best ever

Live Mint  

SEOUL : Samsung Electronics Co. capped off a year where it surpassed Intel Corp. to become the world’s No. Samsung, the world’s largest maker of smartphones and televisions, is considered a tech-industry bellwether, as a major electronics manufacturer and components supplier to companies such as Apple Inc. and Sony Group Corp. For the full year, Samsung’s net profit rose 51% …

Chinese city’s lockdown disrupts Micron, Samsung chip operations
2 years, 11 months ago

Chinese city’s lockdown disrupts Micron, Samsung chip operations

Al Jazeera  

Samsung Electronics and Micron Technology, two of the world’s largest memory chipmakers, warned that a COVID-19 lockdown in the Chinese city of Xian could affect their chip manufacturing bases in the area. Samsung Electronics also said on Wednesday that it will temporarily adjust operations at its Xian manufacturing facilities for NAND flash memory chips, which are used for data storage …

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint
3 years, 3 months ago

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint

Live Mint  

NEW DELHI: Smartphone sales to end users worldwide grew 10.8% year-on-year in the second quarter of 2021, despite component shortages and supply constraints. According to a report by market research firm Gartner, sales to end users totaled 328.8 million in the second quarter. The firm noted that while the second wave of covid-19 infections affected sales in markets like India …

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 7 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition …

Samsung Overtakes Apple in Smartphone Shipments as Xiaomi Closes In on iPhone Maker
3 years, 7 months ago

Samsung Overtakes Apple in Smartphone Shipments as Xiaomi Closes In on iPhone Maker

News 18  

Samsung Electronics reclaimed its crown as the world’s biggest smartphone maker from Apple in the first quarter of this year, cornering a fifth of overall global shipments. China’s Xiaomi rounded out the top three positions with its best quarterly performance ever as shipments surged 62 percent to 49 million phones and its market share rose to 14 percent, market research …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 8 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Samsung dominates 2020 foldable smartphone market: Report
3 years, 9 months ago

Samsung dominates 2020 foldable smartphone market: Report

India TV News  

Samsung Electronics, the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 per cent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million …

Samsung’s consumer electronics biz up 30%
4 years, 1 month ago

Samsung’s consumer electronics biz up 30%

Live Mint  

Samsung India’s consumer electronics business grew more than 30% in October, with demand in smaller cities racing ahead of metros, said a top executive at the company. In October alone the company reported a 32% year-on-year jump in its consumer electronics business, excluding mobiles, —led by high-capacity washing machines, microwaves, refrigerators and large TV screens. But more importantly, the premium …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 2 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

Samsung profit beats estimates after US sanctions hit Huawei
4 years, 2 months ago

Samsung profit beats estimates after US sanctions hit Huawei

Live Mint  

Samsung Electronics Co. reported earnings that beat analyst estimates after the South Korean tech giant’s mobile and chip businesses benefited from U.S. restrictions on Huawei Technologies Co. Huawei overtook Samsung to become the world’s largest smartphone maker in the second quarter, but the Korean giant is projected to regain the crown after its Chinese rival lost access to the most …

Samsung expects smartphone demand to drive second half earnings
4 years, 4 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 5 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

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