It should be mentioned that the estimated result was 131% higher compared with the same period of last year but at the same time was 29% lower than the previous quarter of the company. While the previous quarter had a significantly higher performance than the current quarter estimates, it was still a disappointing performance for the world’s largest memory chip, smartphone, and TV maker.
At that time, the Samsung company stated that the company was working hard to maintain the progress in supplying HBM Samsung chips of the giant Nvidia. But since that statement, the company didn’t provide any further details about the situation.
According to the Nvidia CEO, Jensen Huang, Samsung Electronics company must create a new design of the HBM in order to be able to supply the Nvidia company, as reported by Korea JoongAng.
"I think it will take time for Samsung to supply HBMs to Nvidia,", Greg Noh, the analyst at Hyundai Motor Securities stated.
"We knew that the Q4 performance was bad, so I should say that it was reflected (in the stock price) to some extent. There are concerns about Samsung's major businesses continuing to lose competitiveness. But chip demand may have bottomed already,", Lee Min-hee, the analyst from BNK Investment & Securities stated about the Samsung Electronics situation.
Also this Wednesday, the Samsung company announced that the earnings from the logic chip design and contract manufacturing business declined as a result of the slower mobile phone demand along with increased research and development costs.
Stay tuned for more updates!
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