Samsung forecasts a threefold increase in operating profit due to chip shortage
Samsung Electronics expects its operating profit in the fourth quarter to triple, reaching record levels thanks to the global chip shortage and rising demand for artificial intelligence technologies.
The Korean company estimates its earnings for October-December at 20 trillion won, significantly surpassing the 2024 figure of 6.49 trillion won and the analyst forecast of 18 trillion won. The main growth driver is the limited supply of chips in the market and increased demand for memory used in servers that process artificial intelligence tasks.
Due to these conditions, prices for certain types of memory in the fourth quarter have surged more than threefold compared to last year, and the company forecasts this growth will continue into the first quarter of next year. In addition, Samsung expects revenue to increase by 23%, reaching 93 trillion won, which would be another record figure.
According to a report from Reuters, the semiconductor business will provide the majority of the profit, bringing in approximately 17 trillion won per quarter.
Experts note that the chip shortage could become a catalyst for the further development of technologies, strengthening the positions of companies working with artificial intelligence. Samsung’s profit growth underscores the importance of innovation in the semiconductor sector in response to global challenges.
| Indicator | 2023 (Q4) | 2024 (Q4) |
|---|---|---|
| Operating Profit | 20 trillion won | 6.49 trillion won |
| Revenue | 93 trillion won | – |
| Analysts’ Forecast | 18 trillion won | – |
