Samsung Electronics announced a record-breaking operating profit of 20 trillion won ($13.8 billion) for the fourth quarter, marking a significant increase of over 200 percent from the previous year. This achievement is attributed to a strong performance in the chip industry.
The company’s sales also saw a notable rise, increasing by 22.7 percent to 93 trillion won. This is the first time Samsung’s quarterly sales have surpassed the 90 trillion-won mark, indicating a robust financial performance.
Analysts suggest that the improved profitability in the Device Solutions division, particularly in the semiconductor business, played a key role in driving the company’s overall earnings growth. Global prices of dynamic random-access memory (DRAM) and NAND flash surged by about 40 percent in the fourth quarter, contributing to this positive trend.
Samsung Electronics is expected to release a detailed earnings breakdown later this month. Market observers anticipate a strong performance in the upcoming year, with projections indicating continued growth supported by factors such as increased high bandwidth memory (HBM) capacity.
