Samsung's semiconductor business has lost 3 trillion won in January-February and is expected to lose 4 trillion won in the first quarter of this year,
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Update time : 2023-03-04 11:02:58
March 2, according to Korean media koreajoongangdaily report, from the semiconductor industry sources learned that Samsung semiconductor business in January-February this year has lost 3 trillion won (about 2.291 billion U.S. dollars), and the loss in the first quarter of this year may reach 4 trillion won (about 3.054 billion U.S. dollars).
This is the first loss for Samsung's semiconductor division since it came online in the fourth quarter of 2008. Samsung's semiconductor division currently has one other foundry business in profit, but that business cannot mitigate the huge loss in the memory business," the source said. The Device Solutions (DS) division lost at least 2 trillion won (about $1.527 billion)," the sources said.
The DS division had been Samsung Semiconductor's main source of profit, but the company was hit hard by a sharp drop in semiconductor prices late last year. The business, which also includes smartphones, consumer electronics and displays, also saw varying degrees of decline.
Samsung Electronics' total profit in 2022 was 43.4 trillion won (about $33.136 billion), of which Samsung's semiconductor business contributed 23.8 trillion won (about $18.169 billion).
Quarterly, it was 8.5 trillion won ($6 billion) in the first quarter of 2022, 9.9 trillion won ($7.5 billion) in the second quarter of 2022 and 5.12 trillion won ($3.8 billion) in the third quarter.
In the fourth quarter, Samsung's operating profit was only 270 billion won, down 97 percent year-on-year. Samsung Electronics has borrowed 20 trillion won ($16 billion) from its Samsung Display to continue to boost its semiconductor business.
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