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The Samsung Galaxy S23 Ultra has sold over 10 million units so far this year
Samsung’s hometown memory chip rival SK Hynix recently said that DRAM chips are benefiting from an “AI boom.” The combination of the improvement in demand and previous production cuts is beginning to lead customers to place orders as prices stabilize.
In 2024, Samsung forecasts growth in the smartphone market as consumers start spending in anticipation of a global economic recovery. Premium phones and tablets will see growth. The smartwatch segment will achieve double-digit growth, and the true wireless stereo market is expected to grow modestly.
The semiconductor unit completed the development of the Exynos 2400 during the quarter and the deca-core chip will deliver improved CPU, GPU, and NPU performance compared to its predecessor. Samsung says, “The mobile SoC segment is in the final stages of development for next year’s flagship smartphones and is poised to expand the business portfolio by targeting global customers for the modem business, while also enhancing the solution capabilities for On-Device AI.” Samsung expects to improve the results of this sector in 2024 by increasing sales of flagship semiconductors and by selling chips to manufacturers outside of the mobile industry.
Samsung Foundry reported weak earnings for Q3 as the slowing mobile sector led to a delay in the expected hike in the Foundry’s fab utilization rate. Q4 earnings in this segment should improve as demand increases with the release of new devices. Samsung is improving the yield on its second-gen 3nm process node production which should help it generate more business.