Samsung lost nearly $2 billion in the first two months of 2023 in its chip business. Worse, it is estimated that the tendency to make losses will continue in the first quarter of the year and the company will experience a loss of close to 3 billion dollars. It will be the first time the company has experienced a loss in the semiconductor segment since the fourth quarter of 2008.Incredible drop in the fourth quarter!
Samsung made $33 billion in profit last year. The company’s earnings from the semiconductor business only; 18 billion dollars. On a quarterly basis, $6.5 billion in the first quarter of 2022, $7.5 billion in the second quarter, and $4 billion in the third quarter. However, profit was wasted as the company’s operating profit fell 97% year-on-year in the fourth quarter of 2022.
Samsung reportedly borrowed $15 billion from its Samsung Display division to continue its semiconductor financing.
