
Samsung Electronics CEO and Head of System Expertise JH Han speaks throughout the Samsung media day press convention on the 2025 Shopper Electronics Present being held on the Mandalay Bay lodge in Las Vegas, Nev., U.S. Jan. 6. EPA-Yonhap
Samsung Electronics reported fourth-quarter revenue that rose 130 percentfrom a low base, confirming it had missed earlier estimates resulting from slowing reminiscence chip demand and additional prices as it really works in the direction of offering high-end chips to Nvidia.
Samsung stated that within the first quarter of 2025, total earnings enchancment could also be restricted resulting from weak point within the semiconductors enterprise.
The world’s largest reminiscence chip maker stated on Friday that working revenue rose to six.5 trillion received ($4.49 billion) in October-December, up from 2.82 trillion received a yr earlier when the reminiscence chip business was nonetheless fighting its worst downturn in a long time.
The revenue was down 29 % from the earlier quarter.
Samsung’s fourth-quarter working revenue was according to the preliminary determine of 6.5 trillion received the corporate reported earlier this month.
Shares in Samsung have been down 2.2 % in early commerce, versus a 1 % drop within the wider market. (Reuters)