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Samsung sees limited first-quarter earnings growth due to weak chips business

  • Samsung Electronics' operating profit fell to 6.5 trillion won in the fourth quarter, down almost a third from the previous quarter, while sales rose 11.8 percent to 75.78 trillion won, according to the company.
  • The company warned of limited earnings growth in the first quarter of 2025 due to weakness in the semiconductors business, especially for AI chips, as stated by Jaejune Kim, Samsung's executive vice president.
  • Samsung has faced challenges in meeting Nvidia's requirements for high-bandwidth memory chips, while SK Hynix surpassed Samsung in profits during the same period, according to analysts.
  • The company anticipates a recovery in memory market demand starting in the second quarter of 2025, but has noted potential impacts from US export restrictions on chip sales, as mentioned by Kim Jae-june.
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Financial Post broke the news in Canada on Thursday, January 30, 2025.
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