Samsung’s revenue hits another record high as demand for chips increases

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In 2020, Samsung weathered the pandemic by posting a grounds precocious for gross successful the 3rd 4th of 66.96 trillion won. The institution just revealed that it acceptable different grounds for the aforesaid play successful 2021, reaching 73.98 trillion won, oregon astir $63 billion. While its gross was up astir 10 percent, Samsung says its profits grew by 26 percent from past twelvemonth to deed 15.82 trillion won ($13 billion).

Despite a shortage of cardinal chips worldwide, the representation chips and processors Samsung makes that spell into everything from servers to mobile phones are successful arsenic overmuch request arsenic ever. Shifts to hybrid enactment mean person companies buying much SSDs, CPUs, and RAM for servers

As the world’s largest chipmaker, precocious prices for representation chips mean precocious profits for Samsung, adjacent if rising costs for earthy materials and logistics chopped into the profits of its user electronics division.

Samsung is besides the world’s largest telephone shaper and says that it saw beardown request for foldable similar its Galaxy Z Flip 3 and Galaxy Z Fold 3 and the low- to mid-range Galaxy smartphones it produces.

Despite reports of imaginable accumulation issues and shortages for Apple’s iPhone 13 series, Samsung says its mobile show net roseate “driven by request for recently launched products from large smartphone customers.” The astir large lawsuit that Samsung provides its mobile OLED displays to is Apple, and that institution volition study its quarterly net tomorrow.

Looking into the future, Samsung expects coagulated net for its mobile displays successful Q4, and not conscionable due to the fact that of phones. There’s request for OLED successful larger devices similar laptops, tablets, and particularly crippled consoles similar Nintendo’s caller Switch OLED, which uses a Samsung-made panel.

As acold arsenic its TV business, the institution is focused connected the high-end, saying that it is connected way to commencement producing caller quantum dot-based sets that volition proceed Samsung’s combat against OLED TVs from LG.

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