EXPLAINER: Starving for more chips in a tech-hungry world theridgefieldpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theridgefieldpress.com Daily Mail and Mail on Sunday newspapers.
Although Apple sources its semiconductors from Foxconn, Qualcomm, and TSMC, the iPad displays have been historically supplied by its smartphone market rival Samsung, which has also been hit by the global chip shortage. Last month, it was reported that the South Korean tech giant was considering shelving the next Galaxy Note until at least 2022, with Samsung co-CEO Koh Dong-jin warning of a “serious imbalance in supply and demand of chips in the IT sector globally”.
Late last year, Apple admitted that it was struggling to source chips that manage power consumption in a number of its devices, including the iPhone, due to an increase in demand for silicon as well as supply-chain issues related to the spread of coronavirus. Lockdown restrictions on factories as well as the severing of transport routes were also expected to hinder manufacturing output until at least May 2021, according to sources speaking to
Samsung says 2021 Q1 profits likely jumped 44%, despite winter storm setback cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
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By Timothy W. Martin in Seoul and Kwanwoo Jun in Singapore Samsung Electronics Co. said it expects a 44% increase in operating profit for the first quarter, topping expectations during a global shortage of semiconductors and despite shutdowns of some U.S. chip-making facilities. The world s largest smartphone and memory-chip maker forecasts operating profit of 9.3 trillion South Korean won, equivalent to about $8.3 billion, during the first three months of the year. That compares with about 6.5 trillion won for the prior year s quarter. The Suwon, South Korea-based firm estimates revenue of 65 trillion won, up 17% compared with the prior year.
Samsung expects to have pulled off a strong first quarter, even as one of its chipmaking facilities was temporarily shut by a brutal US winter storm earlier this year.
The South Korean conglomerate said Wednesday that it likely made about 9.3 trillion Korean won ($8.3 billion) in operating profit from January to March, marking a 44% jump compared to the same period last year.
It also expected sales to have climbed about 17% year-on-year, to approximately 65 trillion Korean won ($58.2 billion). The preliminary results were roughly in line with estimates forecast by analysts polled by data provider Refinitiv.
Samsung s semiconductor plant in Austin, Texas was forced to shut down in February after the state was hit by widespread power outages related to a massive winter storm, but reached production close to normal levels as of end of March, according to a statement from the company.