In a triumphant close to 2023, Samsung Electronics announced a record-breaking 18.4 trillion won ($13.8 billion) operating profit for the fourth quarter. This achievement highlights the company’s masterful recovery from prior industry slumps, driven by surging demand for advanced semiconductors.
Revenue for the period hit 75.9 trillion won, reflecting double-digit growth. The standout performer was the Device Solutions division, where memory sales exploded thanks to AI fervor. High-end HBM chips, critical for generative AI models from Nvidia and others, commanded premium prices and volumes.
Samsung outpaced competitors by scaling production ahead of the curve. Its aggressive capacity expansions in Pyeongtaek and Hwaseong fabs enabled it to meet explosive orders. NAND flash also rebounded, with enterprise SSDs finding favor in cloud infrastructure builds.
The Mobile Experience segment delivered solid results, with foldables like the Galaxy Z Fold5 gaining traction in key markets. Consumer electronics, including premium TVs and appliances, added steady contributions despite seasonal slowdowns.
Executive Vice President Park Yong-seung noted the profit surge validates Samsung’s long-term tech investments. However, he warned of normalizing memory prices in 2024 as supply catches up. The firm aims to solidify leadership in AI memory and 2nm process nodes.
Shareholders rewarded the announcement with a stock rally. This milestone not only caps a turnaround year but sets ambitious benchmarks for Samsung’s dominance in chips, mobiles, and beyond. The tech world watches closely as it pivots toward AI supremacy.
