According to BusinessKorea, due to the decline of the semiconductor industry, the institution predicts that Samsung Electronics' Device Solutions (DS) department responsible for the semiconductor business will experience a loss of over 10 trillion Korean won in 2023.
As the world's largest storage chip manufacturer, Samsung Electronics' revenue in its storage business has declined significantly year-on-year for three consecutive quarters, and its device solutions department (DS) has also been affected. Revenue and operating profit have also declined significantly year-on-year for three consecutive quarters, and in the first quarter of this year, it suffered an operating loss of 4.58 trillion won.
In the absence of a significant improvement in semiconductor demand, Samsung's electronic device solutions department, which suffered an operating loss of 4.58 trillion won in the first quarter, is still not optimistic in the second quarter and is expected to continue to experience an operating loss of approximately 4 trillion won.
According to the latest reports from foreign media, the performance of Samsung's electronic device solutions department for the whole year will not be optimistic. Multiple securities companies are expected to have operating losses exceeding 10 trillion won, Kiwoom Securities and KB Securities are expected to have operating losses of 10.3 trillion won, while NH Securities is expected to have operating losses of 14.7 trillion won.
Although demand remains weak, the industry generally believes that Samsung's semiconductor performance has bottomed out in the first half of this year. Due to factors such as semiconductor production reduction, inventory decline, and rising demand for artificial intelligence related memory, Samsung's semiconductor business is expected to begin a comprehensive recovery in the second half of the year.