Samsung profits rise from manufacturing chips in the first quarter of 2022

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The latest survey reports predicted that Samsung, which is one of the largest chip manufacturers in the world, will make huge profits in the first quarter of 2022 from manufacturing chips.

According to a survey Yonhap Infomax However, despite the constant situation of persistently high prices for raw materials and lack of global supplies, Samsung’s profits will rise as well.

Samsung profits from manufacturing chips in the first quarter 2022

Notably, Samsung is expected to earn about 13.89 trillion won, or about $11.3 billion, in operating profit in the first quarter of 2022, which ends on March 31 (two days later).

This is a 38.64 percent increase from last year, which is quite remarkable considering the lack of supplies and the conditions of the ongoing war between Russia and Ukraine that have negatively affected the prices and value of various commodities.

Editorial: How China Can Overcome Its Talent Deficit and Become a Chipmaking Power - Caixin Global

Samsung Electronics’ sales in the first quarter are expected to reach 75.2 trillion won (about $55 billion), 15.02% more than a year earlier.

On the other hand, the company said Samsung Indeed, the Russo-Ukrainian war will not have an immediate impact on chip production, all thanks to the diversified sources and huge stock of key materials that the company already has.

Survey: Samsung Electronics chip-making profits to soar in Q1 of 2022 - SamMobile

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Do you think that Samsung’s profits are reasonable and deserved?

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