Samsung Electronics Reports Strong Q2 Earnings, Driven by Semiconductor Sales
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Samsung Electronics Co., Ltd. posted robust second-quarter earnings on July 7, boosted by strong demand for memory chips and display panels. The South Korean tech giant reported consolidated revenue of 85 trillion KRW ($65 billion), a 10% increase compared to the same quarter last year.
Semiconductor sales, particularly DRAM and NAND flash memory, surged 20% year-over-year, reflecting recovering inventory levels across data centers and consumer electronics manufacturers. Samsung’s advanced chip fabrication technology and increased production capacity have given it a competitive edge amid global chip shortages easing.
The company’s display panel division also performed well, driven by growing orders for OLED screens used in smartphones, laptops, and smart TVs. Samsung continues to invest heavily in next-generation display technology, including foldable and transparent panels.
CEO Kim Tae-hyun expressed optimism about sustained growth in semiconductors and consumer electronics. “Our diversified portfolio and commitment to innovation enable us to navigate market volatility and capture emerging opportunities,” Kim said during the earnings call.
Samsung’s smartphone segment saw moderate growth, supported by new flagship releases and expanded 5G device adoption in key markets such as India and Europe.
Despite geopolitical tensions and supply chain risks, Samsung’s financial results and strategic investments position it for continued leadership in the global electronics industry.
