Samsung Electronics Reports $3.4B Operating Loss in Memory Chip Unit
2 min read Samsung Electronics, the world's top memory chip maker, reports a $3.4B operating loss in its memory chip unit for Q2 2023, contributing to a total H1 2023 operating loss of $7B in the semiconductor business. July 28, 2023 07:31
Samsung Electronics faces challenges with a $3.4B operating loss in its memory chip unit for Q2 2023. The world's top memory chip maker reported a total operating loss of $7B in its semiconductor business for H1 2023.
Despite the setbacks, Samsung has a bright AI future in mind! It plans to focus on high-performance memory chips like HBM, catering to robust AI demand. HBM offers faster data processing and lower power consumption for AI, 5G, IoT, and more.
Samsung will continue cutting back memory chip production, adjusting for specific products. However, it'll double capacities for high-performance memory chips like HBM due to their expected continuous growth.
DRAM and NAND memory chips play a vital role in devices, powering advanced functions for language models like OpenAI's ChatGPT and speeding up data processing for multitasking and complex AI applications.
Despite a 95% drop in Q2 operating profits, Samsung predicts a gradual rebound in global memory chip demand for the second half of 2023. The firm remains hopeful for an improvement in earnings from its component business.
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