Samsung foundry business partners see half profits in 2022

In 2022, major Samsung foundry (chip printing, designing related) business partners including ADTechnology, Gaonchips, and Coasia reportedly saw their revenue and operating profits impacted heavily by the global economic downturn.

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ADTechnology

ADTechnology, which is Samsung’s largest design house partner, secured 164.2 billion won in revenue and 4.4 billion won in operating profit. As per the info, the operating profit dipped by 61% YoY while revenue was halved over the same time period.

Gaonchips

Gaonchips saw revenue increase but its profitability was lowered. Last year, it has recorded 43.3 billion won in revenue, an increase of 34.3% year-on-year, but operating profit dropped 37.1 billion won over the same time period to 3.9 billion won.

Coasia

Notably, Coasia’s performance was the worst among its other vendors. Since its revenue increased 21.8% year-on-year to 463.6 billion won in 2022, it recorded 22.4 billion won in operating loss, around 9 billion won steeper than the year prior. However, the firm is yet to have recorded a profit from its chip business.

It is reported that TSMC’s revenue in the foundry sector was bigger than Samsung’s. Taiwanese chipmaker also uses six key design house partners. However, Samsung foundry uses more design house partners relative to its revenue and number of customers.