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Samsung and Apple both expect to take a sales hit this quarter because of the ongoing global chip shortage as the crisis continues to plague the automobile industry, with BMW-owned Mini and Jaguar Land Rover the latest companies to pause production. A perfect storm of Covid-19, severe weather, factory fires and soaring demand for silicon has resulted in an unprecedented shortage affecting multiple sectors. As both a manufacturer and consumer of semiconductors, Samsung finds itself in the unique position of rising chip profits from silicon-hungry customers but slumping sales of its own mobile devices as it struggles to stretch its supply across its own devices and orders to its own fabrication plants. ....
Samsung to cut production due to chips supply crunch PUBLISHED BY The chip shortage has spread across industries, slowing down the manufacturing of automobiles, smart devices, to electronic including white goods such as washing machines and television. Samsung Electronics, the South Korean technology group, said that it was “rebalancing” the production of smartphones, televisions, and home appliances due to the widespread chip crunch. “Due to the global semiconductor shortage, we are also experiencing some effects especially around certain set products and display production,” Ben Suh, head of Samsung’s investor relations, told analysts on Thursday. “We are discussing with retailers and major channels about supply plans so that we are able to allocate the components to the products that have more urgency or higher priority in terms of supply.” ....
Provided by Dow Jones By Timothy W. Martin SEOUL Samsung Electronics Co. s first-quarter net profit rose 46%, boosted by a greater appetite for the South Korean tech giant s gadgets and appliances that softened the financial hit from a temporary shutdown of its U.S. semiconductor production. The world s largest smartphone and memory-chip maker reported a net profit of 7.14 trillion South Korean won, or the equivalent of about $6.4 billion, up from 4.88 trillion won the prior year. Revenue rose 18% to 65.4 trillion won for the three months ended March 31. Samsung is a proxy for the global tech world, making a wide range of electronic gadgets while serving as a components supplier for its biggest rivals. ....
Samsung warns chip crisis could lead to shortage in TVs and home gadgets Samsung s chip division saw profits drop after it had to close vital US factories in February 29 April 2021 • 10:40am Samsung has warned that the continued global shortage of semiconductor chips is likely to hurt production of its smartphones, televisions and home appliances. During the company’s earnings announcement, the South Korean electronics business said that it is “rebalancing” production in an attempt to lessen the impact of the shortage. Soaring demand for consumer gadgets combined with severe weather in February and the after effects of pandemic lockdowns in Asia have combined to produce a global shortage in the vital components used to manufacture everything from toasters to cars. ....
2021-04-29 17:13 | IT He said Samsung was in talks with the local government and utility firms there to prevent such disruptions from recurring. The shutdown of the plants in Austin exacerbated the ongoing global shortage of semiconductors. Due to the global semiconductor shortage, we are also experiencing some effects, especially around certain set products, and display production. We are approaching this from multiple angles to minimize the impact, Executive Vice President Ben Suh said. We are also a semiconductor supplier and so to respond to the current situation we are focusing on maximizing the efficiency of our current capacity in foundries. We will also be actively responding to customer demand by expanding our capacity around cutting-edge processes once the Pyeongtaek No.2 Line enters full-scale operation in the second half, he added. ....