Samsung Poised for Best Quarterly Profit Since 2018 Amid DRAM Price Surge
Samsung Electronics is set to report a staggering 160% year-on-year increase in operating profit for Q4 2023, with analysts projecting 16.9 trillion won ($11.7 billion) in earnings. The semiconductor giant benefits from an unprecedented shortage in memory chips, with DDR5 DRAM prices skyrocketing 314% annually.
Market dynamics reveal a perfect storm: manufacturers are prioritizing AI-focused processors while consumer demand for conventional memory chips remains insatiable. Some analysts now speculate profits could breach 20 trillion won as pricing pressures intensify beyond expectations.
This performance WOULD mark Samsung's strongest quarter since Q2 2018, when it recorded 17.6 trillion won in operating profit. The preliminary figures, due Thursday, may signal a turning point for memory chip markets after years of volatility.