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Samsung operating profit hit by R&D spending, fight to meet chip demand
Economic Times
·
7m ago
Medial
Samsung Electronics' operating profit fell by almost a third in the fourth quarter due to increased research spending and challenges in meeting demand for AI server chips. Despite an 11.8% sales rise, the company warned of limited earnings improvement in early 2025 due to semiconductor business weaknesses. Samsung's technological leadership in semiconductors has been challenged by fast-growing AI chip demand and competition from Nvidia and startups like DeepSeek. The company plans to address evolving AI market demands while monitoring industry trends.
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Samsung reports major progress in supply deal for AI chips
Economic Times
·
10m ago
Medial
Samsung Electronics reported progress in securing a major supply deal for AI chips, aiming to reassure investors after a slowdown in semiconductor profits. Despite a 12% decline in operating profit from the second quarter, Samsung saw strong demand for AI and server chips. However, its mobile chip business weakened due to inventory adjustments by customers, and increased competition from Chinese manufacturers. Samsung also lagged behind competitors in high-bandwidth memory chips but hopes to drive sales in the fourth quarter, potentially with a deal with Nvidia. The company plans to focus on high-bandwidth memory and high-density products to meet demand.
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Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
Economic Times
·
1y ago
Medial
Samsung Electronics posted a tenfold increase in operating profit for the last quarter, driven by the growth of artificial intelligence technologies and a rebound in the computer memory chip markets. Operating profit reached 6.6 trillion won ($4.8 billion), up from 640 billion won ($465 million) the previous year. Revenue rose nearly 13% to 71.9 trillion won ($52 billion), fueled by higher memory chip prices and strong sales of the Galaxy S24 smartphones. Samsung also reported its first quarterly profit in the semiconductor business since Q4 2022, with operating profit reaching 1.91 trillion won ($1.38 billion). The company expects the memory chip market to remain robust due to increased demand for both conventional and advanced chips powering AI technologies.
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Samsung expects steep drop in operating profits on US chip woes - The Economic Times
Economic Times
·
1m ago
Medial
Samsung Electronics expects its second quarter operating profits to fall by over 50%, citing U.S. export controls on advanced AI chips to China. The company's semiconductor division faced reduced profits due to inventory adjustments and U.S. restrictions. However, Samsung anticipates improved performance in the latter half of the year as demand recovers. The sharp profit drop is largely attributed to a weak foundry business, though memory chip demand is expected to rise.
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Samsung Unveils Semiconductor R&D Unit In India
Inc42
·
1y ago
Medial
Samsung Semiconductor India Research (SSIR) has opened a new research and development (R&D) facility in Bengaluru, India. The facility aims to drive semiconductor R&D in India and meet the company's growing infrastructure needs. With a capacity for around 1,600 professionals, the facility spans 1.6 lakh square feet across four floors. SSIR operates globally within Samsung Electronics' network, providing component solutions and showcasing technologies across System LSI, Memory, and Foundry sectors. The company currently employs over 4,500 people in India and plans to hire an additional 700 employees. Samsung's move towards laptop manufacturing in India follows restrictions on imports imposed by the government last year.
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AI firm Databricks 'doubling down' on investment in India
Economic Times
·
1y ago
Medial
Data and AI company Databricks has announced its plans to increase investments in India due to the rising demand for data and AI solutions in the country. The company has experienced a surge in demand from various industries including FSI, retail, manufacturing, and digital natives. Databricks recently launched its infrastructure on Google Cloud and expanded its Indian go-to-market and R&D teams to meet the growing demand. The company established its R&D hub in Bengaluru last year.
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Can Samsung get its mojo back?
Livemint
·
11m ago
Medial
- Samsung Electronics is known for its vertical integration, with smartphones and consumer electronics accounting for half of its revenue and a quarter of its operating profit. - The company reported a 16-fold increase in operating profit in the most recent quarter, driven by growth in its chip business due to high demand from tech giants like Microsoft and Alphabet. - However, Samsung is struggling to compete in both logic chips and memory chips, losing ground to competitors like TSMC in chip foundry business and SK Hynix in high-bandwidth memory (HBM) chips. - Chinese companies are also challenging Samsung in the display market, especially in organic light-emitting diode (OLED) screens, where BOE Technologies has gained prominence. - Samsung is facing internal challenges as well, with a recent work stoppage by thousands of employees protesting over pay and conditions. - Despite these challenges, there are some positive developments for Samsung, such as its HBM3 chips being accepted by Nvidia and plans to begin mass production of cutting-edge logic chips in 2025.
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California Democrats urge US president Joe Biden not to scrap chips R&D funding
Economic Times
·
1y ago
Medial
California Governor Gavin Newsom and Senator Alex Padilla are urging the Biden administration to reverse its decision to cancel a subsidy program for semiconductor research and development facilities. The program, funded by the Chips and Science Act, was scrapped due to overwhelming demand for funding awards to subsidize chip production. Newsom and Padilla argue that without robust support for commercial R&D, the US risks losing global leadership in the semiconductor industry. They are calling on the Department of Commerce to reconsider its decision and invest in commercial R&D to support domestic semiconductor manufacturing.
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Samsung flags 10-fold rise in first-quarter profit as chip prices recover
Economic Times
·
1y ago
Medial
Samsung Electronics has projected a more than 10-fold increase in operating profit for Q1 2023. The rebound in semiconductor prices has boosted the company's earnings from a low base last year. The estimated operating profit of 6.6 trillion won ($4.89 billion) surpasses expectations, indicating improved margins and demand for NAND flash chips. However, revenue fell short of expectations, likely reaching 71 trillion won, below estimates of 72.3 trillion won. The strong performance in the chip division and the positive response to the new Galaxy S24 smartphones contributed to the company's success.
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Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth - The Economic Times
Economic Times
·
2m ago
Medial
Two Chinese AI chip startups, Moore Threads and MetaX, aim to raise a combined 12 billion yuan ($1.65 billion) through IPOs on Shanghai's STAR Market. The companies are capitalizing on U.S. export curbs, hoping to boost local demand for their GPUs. Despite recent losses due to heavy R&D, both firms see domestic growth opportunities as the U.S. intensifies chip restrictions. Founded by ex-employees of major U.S. chip firms, they compete with domestic giants like Huawei.
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Nintendo turns to Samsung to make chips, ramp up Switch 2 output
Economic Times
·
3m ago
Medial
Nintendo has partnered with Samsung Electronics to produce the main chips for the Switch 2, aiming to increase production and potentially sell over 20 million units by March 2026. This strategy represents a significant win for Samsung, which seeks to compete with chipset giant TSMC. The Switch 2's custom Nvidia-designed chip will be developed using Samsung's 8-nanometer node. Nintendo plans to boost production capacity to meet high demand for the console.
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