With the pandemic process, supply problems started in many areas, especially in the technology sector. Despite the pandemic, Samsung high income growth announced that they were waiting.
Kioxia, one of Samsung’s competitors in the NAND Flash chip industry, had to pause production due to the problem it was experiencing. Seizing this opportunity, Samsung NAND Flash chipmanaged to increase its sales.
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Samsung’s revenue exceeded $63 billion in the first quarter of 2022
Stating that it has the highest first quarter profit since 2018, Samsung said, 77 trillion won (about $63.16 billion) announced their income. This amount means an increase of 18 percent compared to last year.
Stating that they expect 14.1 trillion won ($11.6 billion) as operating profit, the company has succeeded in defying the chip crisis. Operating profit, on the other hand, increased by nearly 50 percent compared to the first quarter of last year.
Cape Investment & Securities analyst Park Sung-soon“The guide exceeded market expectations, probably due to better-than-expected memory chip shipments and better-than-expected prices.” said. Although memory chip prices fell in the first quarter, analysts said that the increase in demand from data center customers made companies smile.
Cautious investment spending and limited capacity expansion supported Samsung’s chip earnings, which account for about half of its total profits. TrendForce in early February Kioxia NAND Flash prices of the outage 5 to 10 percent He said it is expected to increase by 10% and offset the effects of modestly higher inventories provided by buyers.
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