On July 7, Samsung Electronics announced its sales at 63 trillion Korean won and its operating profit at 12.5 trillion Korean won for the second quarter of 2021.
Compared to same period last year, sales and operating profit increased by 18.94% and 53.37% respectively. Although its sales decreased by 3.65% compared to the previous year, its operating profit increased by 33.26%.
Samsung Electronics' performance is largely due to semiconductors. Industries predict that Samsung Electronics' operating profit in the semiconductor sector in the first quarter, which was sluggish due to the shutdown of its Austin Foundry plant in the U.S., will double in the second quarter. However, its tentative performance far exceeded market expectations.
As of April, the fixed transaction price of DRAM rose more than 26 percent from a month ago, marking $3.80.
Price of NAND flash memories also increased by 8.5% during same period. The semiconductor plant in Austin, Texas, which had been suspended due to cold weather in the first quarter, has been normalized. As a result, operating profit in semiconductor sector is expected to rise significantly. Industries predict that it will be between 7billion Korean won and 8 billion Korean won.
Due to COVID-19, the increase in IT devices, home appliances, and enterprise servers has led to a shortage of semiconductors, raising prices of semiconductors.
It seems that profitability of Samsung Electronics' display (DP) division also improved as prices of panels increased. Although the mobile (IM) sector was affected negatively by COVID-19, it is predicted that it will have made about 3 trillion Korean won.
