Samsung’s operating profit: 96% drop in April-June!
-Large semiconductor deficit, difficult to recover within the year-
-Samsung’s business performance is worse than TSMC’s-
We will deliver a summary from the article published in hisayoshi-katsumata-worldview.
Samsung’s April-June financial results:
It has been hit directly by the effects of the prolonged semiconductor recession.
Samsung’s semiconductor division continues to lose money.
Samsung’s overall operating profit fell 96% year-on-year.
Semiconductor Recession Coming:
It is the lowest level since the first quarter of 2009 (590 billion won).
The semiconductor recession has arrived since the Lehman Shock.
Major decrease in profit is due to slump in semiconductor division:
South Korea SK Securities announced the department earnings forecast on the 3rd.
Semiconductor segment operating income:
In the first quarter of last year, the surplus was 9.98 trillion won.
The first quarter of this year saw a deficit of 4.4 trillion won,
marking the second consecutive quarterly deficit.
Semiconductor segment sales:
In the first quarter of this year, it fell by 52% to 13.8 trillion won.
Segment operating profit/loss of the semiconductor segment:
The first quarter of this year saw a deficit of 4.6 trillion won.
Memory inventory is piling up.
The supply and demand situation worsened, and sales prices fell.
SK Securities earnings forecast:
Samsung’s semiconductor division is expected to remain in the red
until the October-December quarter of 2023.
Samsung predicted that the semiconductor recession would end temporarily.
“ It became an enemy and caused an increase in inventory. delaying the market recovery.
Wei Zhejia CEO:
In late April,
the company announced that its sales for the fiscal year ending December 2023 will decline by 1-5%.
“This is the first year-on-year decline since the year ended December 2009,
when the Lehman Brothers crisis occurred.” 。
TSMC in Taiwan:
On the other hand,
TSMC has more than 50% of the global market share in contract manufacturing of semiconductors.
Even so,
they cannot resist the headwinds of the semiconductor recession.
Samsung’s performance will be even tougher than TSMC’s.
https://hisayoshi-katsumata-worldview.com/archives/32743422.html