{"id":2206994,"date":"2024-11-01T08:00:06","date_gmt":"2024-10-31T23:00:06","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206994"},"modified":"2024-10-31T15:44:53","modified_gmt":"2024-10-31T06:44:53","slug":"samsung-logs-record-revenue-boost-but-chip-challenges-persist","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/11\/samsung-logs-record-revenue-boost-but-chip-challenges-persist\/","title":{"rendered":"Samsung logs record revenue boost, but chip challenges persist"},"content":{"rendered":"
Samsung Electronics reported its <\/span>third quarterly earnings<\/span><\/a> with a 72.8% year-over-year increase in net income to $7.3 billion (10.1 trillion won), supported by strong sales in consumer electronics and mobile divisions. Revenue reached a record $57.4 billion (79.1 trillion won), though the semiconductor segment posted a weaker-than-expected operating profit of $2.8 billion (3.86 trillion won). Samsung highlighted \u201cmeaningful progress\u201d in testing its HBM3E memory chips, aimed at AI applications, and anticipates expanded sales in the fourth quarter, briefly lifting investor sentiment and <\/span>raising its stock by 3.6%<\/span><\/a> post-announcement.<\/span><\/p>\n Despite this uptick, Samsung\u2019s stock remains <\/span>down 32% since July<\/span><\/a>, reflecting skepticism over its position in advanced semiconductors. Ongoing certification delays in AI memory have enabled competitors like SK Hynix to gain <\/span>significant market share<\/span><\/a>. Samsung plans to invest in high-bandwidth memory, including next-generation HBM4, to shift its focus toward high-value products. However, investor sentiment remains cautious amid substantial competitive pressures and delays in market execution.<\/span><\/p>\n WHY IT MATTERS<\/b><\/p>\n Samsung\u2019s focus on high-end memory technologies like HBM3E and HBM4 could strengthen South Korea\u2019s position in advanced manufacturing, aligning with national ambitions to lead in high-tech sectors. However, Samsung\u2019s <\/span>$122 billion wipeout<\/span><\/a> in market value this year raises questions about the effectiveness of this shift, especially as competitors like SK Hynix outpace Samsung in critical AI memory certifications and volume production.<\/span><\/p>\n Samsung\u2019s struggles highlight South Korea\u2019s vulnerabilities in global tech competition, where a few large corporations bear the weight of national strategy. While Samsung\u2019s advanced memory investments align with South Korea\u2019s efforts to achieve greater tech independence, this move alone may not ensure that South Korea can maintain a strong, competitive position amid mounting regional and global competition, especially as countries around the world seek secure, diversified supply chains.<\/span><\/p>\n