Samsung’s revenue in the first quarter increased by 5%: the price of chips such as memory surged due to the surge in the epidemic

In the case of the global outbreak of the epidemic, Samsung’s revenue in the first quarter was not affected, mainly due to the increase in the price of chips such as memory.

Samsung Electronics on Tuesday released the company’s preliminary financial results for the first quarter ended March 31, 2020. According to the financial report, Samsung Electronics’ revenue in the first quarter was 55 trillion won (about 44.7 billion U.S. dollars), an increase of 5% year-on-year; operating profit was 6.4 trillion won (about 5.2 billion U.S. dollars), an increase of 2.7% year-on-year. %.

Despite the global pandemic raging in the first quarter, Samsung Electronics’ first-quarter results remained relatively stable, driven by chip business offsetting losses in its smartphone and consumer electronics businesses.

According to data provided by DRAMeXchange, a market research organization for the semiconductor industry, the average contract price of 8Gb DDR4 memory chips in March was $2.94, up 2.1 percent from February this year. This is also the third month in a row that the price of the product has risen; the price of a 128GB 16Gx8 MLC flash memory chip is $4.68, up 2.63% from the previous month.

For the next trend, the industry expects that starting from the second quarter, Samsung Electronics’ chip foundry business may be affected by the decline in demand, as the growth of memory chip prices is expected to be limited in the second half of this year.

Separately, Samsung Electronics’ Display business is expected to face the double whammy of an expected decline in mobile phone and TV sales. “Samsung Electronics’ OLED Display Panel business for smartphones accounts for 89 percent of sales in the display business,” said Lee Su-bin, an analyst at Korea’s Daishin Securities. “The rise in LCD panel prices may be short-lived, and TV sales are expected to decline.”

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