Idc yoy 39.9m q1 yoy samsung
Idc yoy 39.9m q1 yoy samsung, the South Korean multinational conglomerate, has reported a strong first quarter of 2021 with a year-over-year growth of 39.9%. The company’s revenue for the quarter was KRW 65.39 trillion ($58 billion), with an operating profit of KRW 9.38 trillion ($8.3 billion). This growth is attributed to the increased demand for its products, especially in the semiconductor and consumer electronics segments.
Strong Performance in Semiconductor Segment
Samsung’s semiconductor segment has been a major contributor to its growth in the first quarter. The company’s memory chip business saw a significant increase in demand due to the rise in remote work and online learning during the pandemic. The demand for server chips also increased as data centers expanded to meet the growing demand for cloud services. As a result, Samsung’s semiconductor business reported an operating profit of KRW 3.37 trillion ($3 billion), a year-over-year increase of 72%.
In addition to memory chips, Samsung’s foundry business also performed well in the first quarter. The company’s foundry business manufactures chips for other companies, including Qualcomm and Nvidia. The demand for Samsung’s foundry services increased as more companies outsourced their chip manufacturing to meet the growing demand for electronic devices. Samsung’s foundry business reported an operating profit of KRW 1.88 trillion ($1.7 billion), a year-over-year increase of 54%.
Consumer Electronics Segment Also Shows Growth
Samsung’s consumer electronics segment, which includes smartphones, TVs, and home appliances, also showed growth in the first quarter. The demand for smartphones increased as more people upgraded their devices to take advantage of 5G networks. Samsung’s Galaxy S21 series, which was launched in January, received positive reviews and contributed to the company’s growth in the smartphone segment. The consumer electronics segment reported an operating profit of KRW 1.12 trillion ($1 billion), a year-over-year increase of 17%.
Samsung’s strong performance in the first quarter of 2021 is a testament to the company’s ability to adapt to changing market conditions and meet the growing demand for its products. The semiconductor segment, in particular, has been a major contributor to Samsung’s growth, with the memory chip and foundry businesses performing exceptionally well. The consumer electronics segment also showed growth, with the Galaxy S21 series contributing to the company’s success in the smartphone market. Samsung’s strong performance in the first quarter sets a positive tone for the rest of the year, and the company well-positioned to continue its growth in the coming quarters.