Samsung’s turnover is growing due to high demand for PC and server parts

Samsung saw sales grow by a fifth in the past quarter, mainly due to the growth of its Semiconductor business unit. The high demand for server and PC memory would have exceeded Samsung’s expectations.

Demand for working and storage memory for PCs and servers was strong in the past quarter, writes Samsung. As a result, the company was able to sell many parts of this and the semiconductor division was able to grow faster than expected. In terms of storage, Samsung specifically mentions the demand for server SSDs and mobile storage as growth drivers.

Demand for Samsung’s mobile display driver ICs, or DDIs, remained strong, as did demand for 100-megapixel sensors. However, the demand for socs lagged behind, causing the overall sales growth in smartphone components to lag behind.

All divisions of Samsung Electronics generated more turnover this quarter than a year earlier, although Consumer Electronics saw the largest growth in relative terms. For example, demand for home appliances remained high as people continue to stay at home due to the corona pandemic.

The TV market was also larger than last year, and the company also managed to make more profit by supplying more expensive TVs such as Neo QLEDs. Sales growth was the smallest at Samsung’s Display Panel division. This would be partly because production lines for large panels would switch to QD Display and production was reduced as a result. At the same time, Samsung managed to make ‘more stable’ OLED panels for smartphones, which in turn had a positive effect on the quarterly figures.

Samsung Electronics had a turnover of 63.67 trillion Korean won in the past quarter, equivalent to 46.6 billion euros. This is twenty percent more than a year earlier. Operating profit amounted to 12.57 trillion won, or 9.19 billion euros. This is an increase of 54.2 percent.

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