The largest Korean manufacturer of semiconductor products, Samsung Electronics, reported this week on the financial results of the second quarter, reporting an increase in operating profits of 12% to $10.8 billion. In the current half of the year, this manufacturer of memory chips expects to face a decline in demand in the smartphone and PC segments, as do many competitors.
Samsung's own expectations in terms of operating profits were exceeded and reached a record level since 2018. The company's loan rose by 21% to $59.1 billion. Samsung's operating gains were partly offset by the record 20 years of strengthening of the US dollar to the South Korean War. The company's net profits reached $8.3 billion, slightly lower than the market's expectations.
All of this did not prevent Samsung Electronics, which specializes in semiconductor products, from increasing its revenue profile by 24% to $21.8 billion, but the result did not meet the projections of analysts, 22% lower. The smartphone and network equipment segment increased by 29% to $22.5 billion, exceeding the expectations of experts. SK hynix competing yesterday stated that in the current half-year, demand for memory chips would decline even in the server segment, although it had resisted this trend for quite some time.