Thursday, December 9

Samsung Goes Strong Amid Chip Shortage | Digital Trends Spanish

This Thursday, October 28, Samsung Electronics reported its highest quarterly earnings in three years.

The company posted a 28 percent increase in its operating profit in the July-September quarter, to 15.8 trillion won ($ 13.48 billion), thanks to an 82 percent increase in its chip business, whose profits they reached 10.1 trillion won.

Part of this success the company attributes to Memory Business, its semiconductor division, where sales have reflected a 40 percent year-on-year growth, with revenue of 26 billion won ($ 22.606 million).

It should be remembered that the company manufactures processors, memory storage chips that it then distributes to other manufacturers, which have had to increase demand in recent times.

Samsung believes component shortages will affect some customers’ demand for chips in the final months of the year and warned of uncertainties for next year due to supply chain disruptions and higher raw material prices.

“There is a lot of uncertainty due to various macro issues, including the return to normal effect, component supply and raw material pricing,” said Han Jin-man, executive vice president of memory business.

The sale of Samsung smartphones has also been affected by this shortage of components. Despite the success of its Galaxy Z Flip 3 and Galaxy Z Fold 3 folding phones, the company is far from exceeding the 80.4 million phones it sold in the same period of 2020.

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