Samsung expects memory business to turn profitable in Q1

Samsung Electronics has announced that it expects its memory chip business to return to profitability in the current first quarter. This comes after a prolonged industry slump that negatively impacted earnings at the South Korean tech giant. The company plans to improve profitability by actively addressing the demand for 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, 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.

Samsung expects memory business to turn profitable in Q1

Key takeaways

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