Samsung operating profit plunges 96%, announces memory chip production cuts!
Views : 99
Update time : 2023-04-11 11:17:39
Samsung, which reported its lowest profit since 2009, said Friday it is cutting production of memory chips, according to comprehensive media reports. Samsung said operating profit for the three months to the end of March could reach 600 billion won ($455 million), compared with 14.1 trillion won last year. The company expects revenue to fall 19 percent to 63 trillion won in the same period.
The forecast is lower than data from FnGuide, a research firm that collected data from 22 stockbrokers and predicted Samsung's quarterly operating profit of 1 trillion won on revenue of 64.2 trillion won. Although Samsung acknowledged that its memory business is deteriorating, it did not release figures by division. Analysts estimate that its semiconductor business could post an operating loss of more than 4 trillion won for the quarter. Samsung is the world's largest memory chip maker, accounting for about 40 percent of the DRAM and one-third of the NAND flash market. Samsung said the company is reducing its production of memory chips. A Samsung statement said, "Based on an assessment that the company has secured sufficient quantities to respond to future changes in memory demand, Samsung is adjusting to reduce memory production to meaningful levels and optimizing production line operations already underway. This is a significant step forward for the industry after an oversupply caused prices to plummet, and investors have expressed support for the decision, with the company's shares up nearly 4 percent in early trading. "Samsung's production cut is a meaningful move," said Lee Seung-Woo, an analyst at Eugene Investment & Securities. "Samsung's production cut could affect memory spot prices soon. There is almost no demand right now." Samsung also said it will continue to invest in infrastructure and expand R&D spending to strengthen its market leadership. "We have cut our short-term production plans, but as we expect strong demand in the medium to long term, we will continue to invest in infrastructure to ensure the necessary clean rooms and expand R&D investments to strengthen our technology leadership."
The LDK220 series of low-dropout linear regulators (LDOs) is a high-performance device designed specifically for low-power consumption and high-precision voltage regulation, widely used in scenarios such as consumer electronics, industrial control, and po
Xilinx Spartan®-7 FPGA Family stands as a defining solution in the mid-range FPGA landscape, blending high performance, energy efficiency, and cost-effectiveness to redefine versatility for industrial, IoT, and consumer electronics applications. Built on
The Altera FLEX series was more than a lineup of FPGAs—it was a blueprint for how programmable logic devices could evolve to meet diverse market needs. The FLEX 8000 laid the architectural groundwork, the FLEX 10K redefined functionality with embedded mem
Among TI standout offerings, the LM4765 and LM4766 are dual-channel amplifiers designed to cater to diverse audio needs—from compact setups to high-fidelity systems. While sharing the same product lineage, these chips differ significantly in power output,
