Well-known insider Ice Universe, who receives information from the Samsung camp, commented on the news that Samsung Electronics lost first place in sales of semiconductor products to Taiwanese TSMC.
In the third quarter of this year, TSMC killed Samsung Electronics and took first place in the world in semiconductor sales for the first time. Samsung has entered a period of total recession.
In the third quarter, TSMC emerged as the market leader with $18.93 billion in semiconductor product sales, while Samsung Electronics generated about $17.5 billion in turnover.
Samsung Electronics announced interim results for the third quarter last week. Operating income was $7.57 billion, up 31.73% year-on-year and down 23.4% quarter-on-quarter.
Securities analysts estimated Samsung Electronics’ third-quarter operating income for its semiconductor business at about $4.2 billion. Compared to the unit’s operating profit of $7 billion, this is a very sharp drop. 90% of the operating profit of the semiconductor division was dependent on memory.
TSMC’s third-quarter sales were up 48% year-over-year.
Samsung Electronics plans to actively develop the foundry industry and focus on developing next-generation technologies to overcome the crisis it is facing