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Samsung’s income hits one other document excessive as demand for chips will increase

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In 2020, Samsung weathered the pandemic by posting a record high for revenue in the third quarter of 66.96 trillion won. The corporate just revealed that it set one other document for a similar interval in 2021, reaching 73.98 trillion received, or about $63 billion. Whereas its income was up about 10 %, Samsung says its earnings grew by 26 % from final 12 months to hit 15.82 trillion received ($13 billion).

Regardless of a scarcity of key chips worldwide, the reminiscence chips and processors Samsung makes that go into every thing from servers to cell phones are in as a lot demand as ever. Shifts to hybrid work imply have firms shopping for extra SSDs, CPUs, and RAM for servers

Because the world’s largest chipmaker, excessive costs for reminiscence chips imply excessive earnings for Samsung, even when rising prices for uncooked supplies and logistics reduce into the earnings of its client electronics division. Gross sales for its reminiscence division particularly have been up 46 in comparison with the identical interval final 12 months, whereas earnings for the semiconductor division as an entire almost doubled, going from 5.54 trillion received to 10.06 trillion received (~$8.5 billion) (pdf).

Samsung can be the world’s largest cellphone maker and says that it noticed sturdy demand for foldable like its Galaxy Z Flip 3 and Galaxy Z Fold 3 and the low- to mid-range Galaxy smartphones it produces.

Regardless of stories of doable manufacturing points and slashed manufacturing targets for Apple’s iPhone 13 lineup, Samsung says its cell show earnings rose “pushed by demand for newly launched merchandise from main smartphone clients.” Essentially the most main buyer that Samsung gives its cell OLED shows to is Apple, and that firm will report its quarterly earnings tomorrow.

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Wanting into the longer term, Samsung expects strong earnings for its cell shows in This fall, and never simply due to telephones. There’s demand for OLED in bigger gadgets like laptops, tablets, and particularly recreation consoles like Nintendo’s new Switch OLED, which makes use of a Samsung-made panel.

So far as its TV enterprise, the corporate is targeted on the high-end, saying that it’s on monitor to begin producing new quantum dot-based units that may proceed Samsung’s battle towards OLED TVs from LG.

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