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Samsung refuses to cut chip output despite plunging profits

Samsung Electronics reaffirmed Tuesday that there will be no artificial production cut in its memory semiconductor production, even though the chip giant suffered from plunging profits in the fourth quarter of 2022. Instead, the company aims to proactively respond to chip demand, which it projects will recover in the future. In its earnings announcement, Samsung said fourth quarter sales dropped 7.97 percent year-on-year to 70.46 trillion won ($57.22 billion), while operating profit plunged 68.5 percent to 4.31 trillion won. ....

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MSNBC Morning Joe June 4, 2024 11:49:00

Importance to our national security. and as brian said, we don t make any of them here. and taiwan, steve, has been hesitant, has it not to make any of these chips outside of its country, that s why it s so significant today. that s a big deal. that relates obviously to what richard has to talk about. they have basically not wanted that. brian is right, they are going to make the so called three nanometer chips, which are so tiny, a nanometer is 1250000000th of an inch or something like that. by the time they make a three , they have been reluctant to let the technology out of taiwan for self-protective regions. if you look at the last chart, you can see part of why they re making those chips here. the most sophisticated ones, because apple, which you see as the red in the left, which is their biggest customer has put the arm on then. ....

Steve Kornacki , Brian Said , Brian Deese , Nanometer Chips ,

CNN Fareed Zakaria GPS June 4, 2024 14:43:00

For change ahead. that s why i think it s very, very special. why is it so difficult for anyone to make the chip that is you make? i m thinking now about the seven nanometer. americans have great companies like intel. the chinese pour tens of billions of dollars into new companies, but no one can make the chips you make. why? well, they can, just a few years later. that s all the difference in this business. you re right. that s all the difference. i think the we treat the semiconductor technology itself as a business, as a science. it s not assembly workers. ....

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CNN Fareed Zakaria GPS June 4, 2024 17:43:00

That s why i think there s a very, very special why is it so difficult for anyone to make the chips that you make? and i m thinking now about the 7 nanometer, the americans have these great companies that have a huge history, like intel. the chinese pour tens of billions of dollars into new companies but no one can make the chips you make. why? well, they can t just a few years later. that s all the difference in this business. you re right. that s all the difference. i think i think the we treat the semiconductor technology itself as a business, as a science. it s not assembly workers. and of course i credit is to ....

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