Samsung Reports Preliminary Q3 Operating Profit of 107.4 Trillion Won
Samsung Electronics' preliminary third-quarter operating profit rose 780% year-on-year, according to figures released by the company.
Samsung Electronics announced preliminary third-quarter results with an operating profit of 107.4 trillion won, up 780% from a year earlier, according to digitaltoday.co.kr. The figures were released on the 8th.
DRAM prices rose 20% in the third quarter compared with the previous quarter, according to Hana Securities.
The company is dispersing its semiconductor research, testing and production bases across Japan, Vietnam and the United States. This includes an advanced packaging research center (APL) in Yokohama, Japan at a cost of 35 billion yen, and a back-end facility in Thai Nguyen, Vietnam with a 1.5 billion USD investment for chip inspection and packaging before shipment. Samsung is also building an advanced foundry production line in Taylor, Texas, linked to US semiconductor act subsidies.
Terafab project
Tesla and SpaceX are pursuing their own semiconductor fab called Terafab. Tesla broke ground on a 3 billion USD research fab in Giga Texas in April this year, while SpaceX confirmed Grimes County, Texas as the site for a large-scale Terafab in August, with first-phase investment of over 16.8 billion USD.
Terafab will begin initial production using Intel's 14A process, and Intel has officially joined the project.
Quick answers
What was Samsung Electronics' preliminary third-quarter operating profit?
Samsung Electronics reported a preliminary third-quarter operating profit of 107.4 trillion won, up 780% year-on-year.
Where is Samsung building its advanced packaging research center?
Samsung is building an advanced packaging research center (APL) in Yokohama, Japan, at a cost of 35 billion yen.
What process will Terafab use for initial production?
Terafab will begin initial production using Intel's 14A process, and Intel has officially joined the project.