wimpy
2023-01-03

According to Korean sources, posted by SamMobile today, Samsung semiconductor division expects 50% drop in 2023 profits.

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Samsung’s Device Solutions (DS) division, which operates Samsung Foundry, System LSI, and Memory Division, is expecting its operating profit in 2023 to be around KRW 13.1 trillion, reports South Korean publication The Elec. Reportedly, the figure was shared by the company in a note sent to its employees on Wednesday. If the prediction turns out to be true, Samsung’s annual operating profit from the semiconductor business in 2023 will be half of what analysts predict it to be in this year, which is around KRW 26 trillion. The significant drop in the operating profit will be a direct result of the ongoing down cycle in the chip industry.

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Staying profitable is kind of achievement in present environment.$Micron Technology(MU)$

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