According to a Korean news agency, Samsung is estimated to collect 13.89 trillion won ( 11.3 Billon US dollars ) in operating profits in the first quarter that’s ending March 31, up 38.64 percent from a year ago, while SK hynix is expected to collect 3.1 trillion won, up 137.08 percent. They got this news from the local market broking firm.
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The report further revealed some more forecasted data about both the companies, that Samsung’s first-quarter sales are forecasted to come in at 75.2 trillion won, exceeding 70 trillion won for the third consecutive quarter. It is up 15.02 percent from last year.
Another competitor SK hynix is expected to post 11.5 trillion won in Q1 sales, and mark up to 36.36 percent from the same time last year and crossing with 10 trillion won for the first time. Let us not forget that the forecast for both the companies came in a devastating external business condition due to all the ranging and volatile raw material cost due to Russia-Ukraine War, which has also disrupted the supply chain globally.
To be mentioned, Ukraine is a supplier of purified neon gas globally, which is used for semiconductor substrate itching and circuit designing to produce silicon chips. Last time also when the Russia-Ukraine war took place in 2014, there was a great price of 600% in neon. This could also be one of the fine reasons for the shortage.
However, This time also Chinese neon suppliers will be making greater profits if this war extends. At a recent annual shareholders meeting, Samsung Electronics co-CEO Kyung Kye-Hyun said, “We have gradually improved and stabilized the process, although it took time to ramp up capacity due to its complexity.”
