Business
Samsung to record highest profit in Q1 for chip production
Samsung Electronics is likely to record the highest first-quarter profits on memory chips since 2018. The analyst has estimated that the brisk profit is due to growing chip demands which keeps the price stable more than expected.
Reuter revealed that Samsung’s Q1 chip profit is likely to reach 7.6 trillion won, more than double the previous year’s profits which count to 3.37 trillion won, according to the average forecast of its Six analysts.
The South Korean tech giant is going to announce preliminary results on Thursday. According to the sources, the chip business contributes to about half of the tech giant’s profit.
The Analyst’s said the chip price stood better than expected in the first quarter, despite a pulling surge over the last two-three years. They have noted that cautious investment spending has given a boost to the sector.
The Solid chip demands from the data centers and chipmakers’ conservative investment have defended against the falling price. Looking at the other side high-end product sale also limited the decline in memory chip prices.
According to the average forecast of these six analysts, Samsung’s mobile business profit is estimated at about 4.04 trillion won, which is slightly less than the previous year’s count of 4.39 trillion won.
Samsung has also shared the information that its recently launched February flagship S22 has reached sales of about one million. Samsung is continuously moving forward in such unstable market conditions.
Last month, Samsung’s CO-CEO have addressed the shareholder’s meeting for the manufacturing of 5-nm chip packing tech. It might have prepared some solid strategies to implement on the global ground. Being a SammyFan wait for the next, we will be bringing more to keep you boasted on Samsung.