Samsung doesn’t plan to reduce investments despite big drop

Samsung recently announced data for the last quarter and full year of 2022. The company suffered losses in terms of profitability both in the last quarter and throughout the year. The most important indicator for Samsung is the record level of revenues. In the light of these data, Samsung does not plan to reduce its investments, even though its profitability has decreased.

Samsung will not reduce technology investments

At the time of the release of annual data, Samsung reiterated that it will not reduce its investments despite the decline in demand for semiconductor chips, smartphones, TVs and other mobile devices. The firm sees the current situation as a great opportunity to prepare for the future. Therefore, the South Korean technology giant will continue to invest in the infrastructure and semiconductor chip manufacturing plant necessary to meet medium and long-term demand.

Samsung says its total spending on chip research and development will increase compared to 2022. The company announced that it will increase its R&D investments “to increase our competitiveness in production technology and to stabilize our production technology early”. As it is known, Samsung, the largest semiconductor manufacturer after TSMC, and the company have been making mega investments for a long time to take the lead in this field.

Samsung reported revenue of $57.21 billion and operating profit of approximately $3.5 billion in Q4 2022. In 2022, Samsung made a record $245 billion in revenue and 35.22 billion in profit for them.