Q4 2024 Samsung Electronics Co Ltd Earnings Call Transcript
Key Points
- Samsung Electronics Co Ltd (XBUL:SSUN) achieved a record high fourth-quarter revenue in the memory segment, driven by increased sales of high-value-added memory products.
- The company announced a share repurchase program valued at KRW10 trillion to enhance shareholder value, with a significant portion already repurchased.
- Samsung Electronics Co Ltd (XBUL:SSUN) is focusing on expanding its high-value product portfolio, including HBM, DDR5, and LPDDR5x, to strengthen its market competitiveness.
- The company is advancing its technology leadership in AI and semiconductor processes, with plans to ramp up production of 2-nanometer technology.
- Samsung Electronics Co Ltd (XBUL:SSUN) is committed to sustainability, incorporating recycled materials in its products and launching initiatives like the Galaxy Trade-In program.
- Samsung Electronics Co Ltd (XBUL:SSUN) experienced a 4% decline in overall revenue quarter-on-quarter, attributed to softer market conditions and increased competition.
- Operating profit decreased by KRW2.7 trillion quarter-on-quarter due to increased R&D expenses and weaker IT product markets.
- The company's semiconductor business is facing ongoing weakness, with expectations of limited performance improvement in the first quarter of 2025.
- The display segment is experiencing conservative performance outlooks due to weak smartphone demand and rising competition.
- Samsung Electronics Co Ltd (XBUL:SSUN) anticipates continued macroeconomic uncertainties and geopolitical risks, which could impact its business operations and market conditions.
Hello, everyone, and welcome to the Samsung Electronics 2024 fourth-quarter financial results conference call. I will be your coordinator. (Operator Instructions) As a reminder, this call is being recorded.
I would now like to turn the conference over to the Investor Relations team. Please go ahead.
Thank you, coordinator. Good day to everyone tuning in from around the globe and thank you for joining Samsung Electronics' earnings call for the fourth quarter of 2024. I am Daniel Oh, Head of Investor Relations.
Before we begin, I would like to inform you that quarterly results and supplementary materials to our earnings call are available on Samsung Electronics Investor Relations website at www.samsung.com\global\ir. Our webcast of today's call will also be uploaded to the website after the session.
Following is our legal disclaimer for today's call. I want to remind you that some of the statements we will be making during today's call are forward-looking based
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