The sustained demand for memory chips brings Samsung a quarterly record. The future also looks rosy.
Chip demand brings Samsung quarterly record
The South Korean technology giant Samsung has brought significant growth and thus a quarterly record, as the group announced, due to the persistently high demand for chips. The surplus rose by around 58.5 percent year-on-year to around EUR 8.5 billion, and sales reached the EUR 58.2 billion mark – a quarterly record.
Quarterly record thanks to memory chips
Since the corona pandemic, the need for capacities in data centers has also increased significantly. The South Korean group, which is the market leader in the areas of memory chips, smartphones and TVs, was able to benefit noticeably from this situation, despite the supply bottlenecks in the semiconductor area.
In the memory chips business in particular, the targeted market forecasts were exceeded thanks to the constant demand for servers and computers. The operating profit of the semiconductor division rose twice as much as in the previous year. The forecasts for the second quarter also look rosy for Samsung – despite the uncertainties in this area.
Flagship smartphones are selling well despite falling demand
However, compared to the fourth quarter of 2021, Samsung has also seen a decline attributed to “geopolitical uncertainties” and supply shortages. However, despite the general decline in demand for smartphones, positive business development can be seen. Thus, sales in the area of components have increased. The strong sales of the in-house flagship smartphones, which were released in the first quarter of 2022, contributed to this.
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