Samsung Electronics’ operating profit reached 9.1 trillion won (6.8 billion US dollars) during the third quarter of this year, which was lower than market expectations.
The Korean company announced today that its operating profits in the third quarter initially amount to 9 trillion and 100 billion won, an increase of 274.49 percent compared to the same period last year, and a decrease of 12.84 percent compared to the second quarter.
Radio Korea reported that Samsung’s sales value reached its highest levels ever, as it achieved 79 trillion won in the third quarter, an increase of 17.21 percent compared to the same period last year, and an increase of 6.66 percent compared to the second quarter. Samsung’s operating profit in the third quarter of this year is lower than market expectations, which were in the range of 10 trillion won.
Observers say that the main reasons for this are due to the slow recovery in demand for smartphones and personal computers, in addition to the failure of its high-bandwidth memory products to achieve good results compared to competing companies, despite the strong demand for this type of memory dedicated to artificial intelligence and servers.
In the same context, Samsung Electronics denied its intention to separate its chip manufacturing unit from the rest of its divisions, despite the challenges it currently faces.
The chip manufacturing unit is part of Samsung’s semiconductor sector, as it specializes in manufacturing chips for other companies, such as companies that design semiconductors but do not have the ability to produce them themselves, as Samsung is very interested in that unit, especially with the large increase in demand for chips. Advanced used in areas such as artificial intelligence, high-performance computing and automotive electronics.
With this increasing demand, Samsung’s chip manufacturing unit faces many challenges, as the company currently owns only about 13 percent of the global market.
