Samsung's worst 'May bottom' suddenly changed to '2nd quarter bottom', foreign press '3rd quarter further decline'
As Samsung's 2Q performance plunged 96% compared to the previous year, the 'May low point' in the worst performance announcement suddenly turned into '2Q bottom', and foreign media reported '3Q bottom' and market research as '3Q additional decline'. showed contrast.
'Newsis' said, "The stock market continues to observe that the production cut effect will start in earnest from the next quarter after bottoming out in the second quarter." Evaluation” reported ‘3rd quarter rise’.
‘Yonhap News’ said, “It is evaluated that the bottom has been confirmed, with the performance exceeding the initial market expectations due to the increase in DRAM shipments and the decrease in inventory.”
'News 1' is <Samsung Electronics' 2nd quarter operating profit of 600 billion 'saving'... "Memory bottom signal"> In the title, it was reported that "considering the economic downturn and deteriorating semiconductor market conditions, it was evaluated as a good performance."
‘Chosun Biz’ is <Samsung Electronics, 4 trillion won in semiconductor deficit in the second quarter… “DRAM has bottomed out,” he said under the title “The semiconductor division, which recorded a deficit of 4.58 trillion won in the last quarter, is gradually bottoming out and showing signs of a rebound.”
'Herald Economy' <Has the semiconductor industry started to rebound early? Expectations for further rise in the second half of the year, escaping from '70,000 electrons'> In the title, “The stock market is in a mood to welcome such a ‘worst report card’.” The side of being done,” he said.
Reuters said, “Analysts said the memory chip downturn that began last year is expected to bottom in the third quarter, but the rebound may start small.”
According to Reuters, Greg Noh, head of research at Hyundai Motor Securities, said, “DRAM memory prices are expected to rebound in earnest from the fourth quarter, and quarterly double-digit increases are expected from the second half of 2024.” It is expected that memory chip investment will be maintained this year, which will help increase market dominance in 2025,” he said, focusing on a “rebound in the second half of 2024.”
Korean media reported that Noh Geun-chang, a researcher at Hyundai Motor Securities, said, "DRAM prices will rebound in earnest from the fourth quarter," and "a double-digit increase is expected every quarter from the second half of next year."
Trend Force, a Taiwanese market research institute, announced on the 5th that Samsung Electronics' DRAM and NAND wafer inputs are expected to decrease by 17% and 13%, respectively, this year compared to last year.
TrendForce announced that the decline in the average selling price (ASP) of memory semiconductor DRAM could be moderated in the third quarter due to the effect of production cuts by major DRAM companies, predicting an “additional decline in the third quarter.”
The decline in the second quarter was 13-18% compared to the previous quarter, and in the third quarter, the maximum decline was 5%.
Korean media reported on the trend force forecast by interpreting the “reduction in decline” as “rising after bottoming”.
On the 6th, Samsung Electronics invested 1 trillion won to start expanding the production capacity of the next-generation memory semiconductor high-bandwidth memory (HBM), which was lagging behind, and disclosed major equipment orders by announcing that it would double by the end of 2024.
Gye-hyun Kyung, president of the DS division at Samsung Electronics, suddenly replaced the head of the DRAM development office in charge of memory semiconductor technology development.