Samsung Stories Excessive Reminiscence Chip Demand, Brisk Smartphone Gross sales in Q1 2022

South Korean tech big Samsung Electronics posted a 58.57 p.c rise in first-quarter web earnings on Thursday, largely pushed by regular reminiscence chip demand and brisk smartphone gross sales.

The world’s greatest memory-chip maker is the flagship subsidiary of the enormous Samsung group, by far the biggest of the family-controlled empires often known as chaebols that dominate enterprise in South Korea, Asia’s fourth largest financial system.

The conglomerate is essential to the South’s financial well being – its general turnover is equal to a fifth of the nationwide gross home product.

The agency mentioned web revenue within the January-to-March interval was KRW 11.32 trillion (roughly Rs. 68,155 crore) – up 58.57 p.c from the identical interval yr earlier.

The tech business has been hit laborious by a scarcity of elements for chipmaking, blamed on a growth in world demand for digital merchandise and disruption to provide chains attributable to the pandemic.

However analysts say this has largely been benefitting the world’s main chipmaker.

Final yr noticed a surge in chip costs amid sturdy demand for these utilized in private gadgets and information centres, serving to the agency hit report annual gross sales.

Samsung’s efficiency “continues to be lifted by the semiconductor phase, supported by reminiscence chip – each DRAM and NAND – demand from information facilities,” Gloria Tsuen, vp of Moody’s Traders Service, advised AFP.

Tsuen added {that a} disruption at a rival NAND flash chip plant – owned by American agency Western Digital and Japan’s Kioxia – has additionally benefited Samsung “resulting from lowered market provide”.


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