(Seoul = Yonhap News) Reporter Jang Ha-na = Samsung Electronics[005930]will release its report card for the third quarter of this year on the 31st.
Although the market’s expectations have been lowered after the announcement of provisional results, some expect that the memory sector may have fared better than the market’s concerns, considering one-time costs due to performance bonus provision and the widening foundry deficit.
Samsung Electronics Seocho Headquarters
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According to the industry, Samsung Electronics will disclose detailed performance by business division, including semiconductors, on this day.
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According to the provisional earnings announcement on the 8th, Samsung Electronics’ third quarter operating profit was 9.1 trillion won, falling short of already low market expectations. However, sales reached KRW 79 trillion, the highest ever on a quarterly basis.
Samsung Electronics responded, “Despite solid demand for servers and high-bandwidth memory (HBM), memory business performance declined due to inventory adjustments by some mobile customers, increased supply of legacy (general-purpose) products from Chinese memory companies, one-off costs, and foreign exchange effects. “I did,” he explained.
Regarding HBM3E, the 5th generation of HBM, he said, “Commercialization for use by major customers has been delayed compared to expected.”
After Samsung Electronics announced its provisional results, the securities market lowered its operating profit estimate for the semiconductor business from around 5.3 trillion won to around 4.2 trillion won.
However, considering that the size of one-time costs such as performance bonuses in the semiconductor division is estimated at 1 trillion won and the deficit in the system LSI and foundry divisions is expected to be around 1.5 trillion won, the memory division appears to have fared better than the market’s initial concerns.
The market expected that Samsung Electronics would fall far short of SK Hynix’s operating profit due to the sluggish performance of general-purpose DRAM and delays in the delivery of large quantities of HBM3E.
SK Hynix, which announced its third quarter performance on the 24th, recorded its highest ever performance, recording an operating profit of KRW 7.03 trillion and sales of KRW 17.5731 trillion thanks to the HBM effect.
After the announcement of provisional results for the third quarter, Jeon Young-hyun, vice chairman and head of Samsung Electronics’ Device Solutions (DS) division, issued an unusual apology message, saying, “I apologize for causing concern about the fundamental technological competitiveness and the future of the company due to performance that did not meet market expectations.” also paid.
Signature left by CEO Jensen Huang on Samsung HBM3E
[한진만 삼성전자 부사장 SNS 캡처. 재판매 및 DB 금지] photo@yna.co.kr
Attention is also paid to whether the HBM-related roadmap will be mentioned in the conference call that will follow today’s performance announcement.
Taiwan’s DigiTimes reported on the 28th, “NVIDIA has given conditional approval to include Samsung Electronics as an HBM supplier. However, the shipment of HBM products provided by Samsung Electronics to NVIDIA is limited and is not included in the official supply chain.” It was reported.
Global investment bank UBS also said in a recent report, “We believe Samsung Electronics has received conditional approval from NVIDIA for its 12-layer HBM product,” and added, “Actual production volume and price will depend on performance and yield.”
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2024/10/31 05:01 Sent
