Jaejune Kim, a Samsung vice president in charge of the memory division, made the announcement during a conference call following the release of the company's fourth quarter earnings. He stated that the company's memory business is expected to turn a profit in the first quarter.
Key takeaways:
- Samsung Electronics is expecting a return to profitability in its semiconductor business, particularly its memory chip sector.
- The company has been dealing with a long industry slump that has negatively affected its earnings.
- Samsung plans to improve profitability by focusing on high bandwidth memory related to generative artificial intelligence and server solid state drives.
- Jaejune Kim, a Samsung vice president in charge of the memory division, announced that the company's memory business is expected to turn to profit in the first quarter.