Korea’s largest company on Thursday said its net income rose to 10.95 trillion won in the three months ended June, missing projections for 11.2 trillion won.
The smartphone and networking division however grew 29% to 29.3 trillion won, slightly ahead of expectations. “With the huge amounts of uncertainty in the market, driven by a wide variety of macro issues, we will flexibly supply memory chips by using inventory,” said Han Jinman, executive vice president at Samsung’s semiconductor business at a post-earnings conference call.In the long run, this could mean delays in adopting new lines that process more powerful chips faster, Han said.
Regarding short-term investments in equipment, Han reiterated the company’s stance to flexibly respond by regularly reviewing changing market conditions.than expected and will begin to decline in 2023, Gartner said in a report, marking an end to one of the sector’s biggest boom cycles.its chip shipment growth for the current quarter and added it’d significantly adjust its capex for next year due to a high level of inventories throughout the market.
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