Samsung Electronics Is 'Semiconductor Crisis' Realized?Even an unusual apology.

Samsung Electronics Q3 Operating Profit 9.1 Trillion...274.5% ↑

"Downgrade to KRW 10 trillion in 1 year"…Jeon Young-hyun, the head of the

Semiconductor Department, issued an unusual apology below the market forecast.

[Anchor]
Samsung Electronics posted an unexpected result of operating profit of KRW 9 trillion in the third quarter.

Amid concerns that the crisis may become a reality, Samsung Electronics is considering countermeasures, with Vice Chairman Jeon Young-hyun even issuing an unusual apology.

This is reporter Park Ki-wan.

[Reporter]
Samsung Electronics' third-quarter earnings, compared to last year's semiconductor recession, continued to be strong on the surface.

Operating profit nearly quadrupled from KRW 9.0 trillion a year ago,

sales break quarterly record in two-and-a-half years

However, it did not meet the market's expectations.

This is because even the expected operating profit of the stock market, which has been drastically lowered to around 10 trillion won, was significantly lower.

Samsung Electronics sees drop in demand for memory semiconductors due to adjustment of smartphone inventory,

Chinese companies' pursuit and Nvidia's delay in HBM quality verification were cited as reasons for the poor performance.

The stock price, which had fallen to 50,000 won during the previous day, secured 60,000 won.

It closed at 60,300 won, down 1.15% from the previous trading day.

Vice Chairman Jeon Young-hyun, head of the semiconductor division, issued a rare apology shortly after the earnings report, focusing on dispelling concerns.

We apologize for causing concern for the performance that did not meet expectations,

Management took the lead and said it would take another leap forward with new technology, quality competitiveness that is not in the world.

Earlier, Chairman Lee Jae-yong also said he would not spin off the foundry division in the Philippines, where he visited on a business trip.

Analysts say that Chairman Lee's remarks have chosen a head-on breakthrough amid the widening gap with the industry's No. 1 TSMC.

Amid concerns that Samsung Electronics' crisis theory has become a reality, attention is focusing on what measures Chairman Lee Jae-yong and management will come up with to break the crisis.

I'm Park Kiwan of YTN.

Photographer: Hong Seong-no
Design: Im Sae-byeol