• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Global chip shortage: Samsung expects its profits to jump by 52%

4 years ago
in Business, Editor's pick, highlights, Home, home-news, latest News, Tech-guide, Technology, Telecom
2 min read
0 0
0
53
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Global chip shortage: Samsung expects its profits to jump by 52%

Technology giant Samsung Electronics has said it expects to post a 52% jump in profit for the last three months of 2021, amid the global chip shortage.

The world’s biggest memory chip maker estimates that it made 13.8tn won ($11.5bn; £8.5bn) in the period.

That would be its highest fourth quarter operating profit in four years.

The company’s earnings were boosted by strong demand for server memory chips and higher profit margins in its chip contract manufacturing business.

“Samsung is well placed to profit from the record-breaking demand for PCs and electronics,” technology analyst Sam Reynolds told the BBC.

He also highlighted that the firm had benefited from currency fluctuations: “The Korean won continues to depreciate, making Korea’s exports more attractive on the global market.”

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Read: Goldman bullish on commodities, seeing years-long supercycle

However, the estimated profit was lower than the 15.2tn won predicted by many analysts.

Samsung’s spending on such things as employees’ bonuses and marketing for its smartphone business were seen as reasons for it missing the market forecast.

In recent months, the global shortage of semiconductors has been causing major disruptions for manufacturers, from carmakers that have had to suspend production to Apple warning that iPhone shipments would be delayed.

Investors are also watching the company’s chip manufacturing operation in Xi’an, central China. The city has been in lockdown since 23 December due to a coronavirus outbreak.

Samsung said last week that it would “temporarily adjust operations” at its sites in Xi’an but gave no further details of how the measures could impact the production of microchips.

In November, Samsung announced that it had chosen a site close to the US city of Taylor in Texas for its new $17bn computer chip plant.

The plant is expected to be operational by the second half of 2024. It is the South Korean electronics giant’s biggest-ever US investment.

Shares in Samsung Electronics were trading around 1.8% higher in Seoul on Friday.

Source: bbc
Via: norvanreports
Tags: ChinaGlobal chip shortage: Samsung expects its profits to jump by 52%global chip shortage.Samsung Electronics
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.