Home > News content

Samsung's semiconductor business reported a loss of 3 trillion won in January-February and an estimated loss of 4 trillion won in the first quarter of this year

via:IT之家     time:2023/3/2 15:02:25     readed:165

IT Home March 2 news, according to the koreajoongangdaily reported from the semiconductor industry sources,Samsung's semiconductor business lost 3 trillion won in the first two months of this year.Its loss in the first quarter of this year is expected to reach 4 trillion won (21.08 billion yuan).

It was the first loss for Samsung's semiconductor division since its launch in the fourth quarter of 2008. "Samsung's semiconductor division still has a contract manufacturing business that is profitable, but this business cannot mitigate the huge losses in the memory business," the source said. At least 2 trillion won (10.54 billion yuan) has been lost in the device solutions division.

The DS division has been a major source of profit for Samsung Semiconductors, but the sharp drop in semiconductor prices late last year has hit the company hard. Other businesses, including smartphones, consumer electronics and displays, also saw varying degrees of decline.

Samsung Electronics' total profit in 2022 was 43.4 trillion won (about 228.718 billion yuan), of which Samsung's semiconductor business contributed 23.8 trillion won (about 125.426 billion yuan).

On a quarterly basis, it was 8.5 trillion won ($6 billion) in the first quarter of 2022, 9.9 trillion won ($7.5 billion) in the second quarter of 2022, and 5.12 trillion won ($3.8 billion) in the third quarter.

In the fourth quarter, Samsung's operating profit fell 97 percent year-on-year to 270 billion won. Samsung Electronics has borrowed 20 trillion won ($16 billion) from its Samsung Display unit to keep pushing its semiconductor business.

translate engine: Youdao

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments