Samsung Electronics Reports Semiconductor Division Operating Profit of 5.4 Trillion KRW in Q2
[Asia Economy Reporter Dongwoo Lee] Samsung Electronics announced on the 30th that its semiconductor division recorded sales of 18.23 trillion KRW and an operating profit of 5.43 trillion KRW in the second quarter.
In the second quarter, the memory business saw relatively weak mobile demand amid the ongoing impact of COVID-19, but demand centered on data centers and PCs remained steady due to increased remote work and online education, resulting in improved performance compared to the previous quarter. The foundry business improved its performance due to increased inventory procurement by customers.
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The System LSI business experienced a decline in performance as demand for mobile components such as SoCs decreased due to production disruptions at global manufacturers and weakened smartphone consumer sentiment.
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