Samsung Betriebsgewinn infographic
Graphic zeigt Samsungs Umsätze und Betriebsgewinn von Q1 2021 bis Q1 2024.
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BUSINESS

Samsungs Betriebsgewinn erholt

By Duncan Mil

April 5, 2024 - Samsung Electronics’ Gprofit rebounded sharply in the first quarter
of 2024, reflecting a turnaround in the company’s pivotal chip-making
division and robust sales of smartphones

The world’s biggest maker of memory chips announced that it expects operating profit to have reached 6.56 trillion won (US$4.89 billion) in the January to March period, up 931.3% from the same quarter last year. Revenue, meanwhile, rose by 11.4% to 71 trillion won.

“Chip production reduction was the right move and Samsung is now on its path to benefit from the AI trend in both semiconductors and smartphones,” said Tom Kang, research director at Counterpoint Research.

Analysts say Samsung is recovering from a long slump in the highly cyclical semiconductor sector. The company is showing improvements in high-bandwidth memory (HBM) chips, which are critical for artificial intelligence computing.

The company said its HBM sales rose by more than 40% in the December quarter and that memory demand showed signs of recovery.

Samsung will release its total earnings, including net profit and business sector results, on April 30.

Sources
PUBLISHED: 05/04/2024; STORY: Graphic News; PICTURES: Samsung
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