JAKARTA Samsung Electronics is expected to experience a decline in operating profit in the second quarter of this year. This decline occurred due to the slow supply of advanced memory chips to NVIDIA.
According to LSEG SmartESTimat, reported by Reuters, Samsung's profit decreased by 39 percent. The company is projected to report operating profit of US$4.62 billion (Rp75 trillion) in the period April to June this year.
This will be bad news for the South Korean tech giant. The reason is, this is Samsung's lowest revenue in the last six quarters.
This decline in profit has caused investors to worry. Financial performance reports that have not improved are feared to cause Samsung to find it difficult to catch up with its competitors in developing high-bandwith memory (HBM) memory chips.
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This chip is important for the Artificial Intelligence (AI) data center. Samsung is known to have problems because it relies on China. Sales of chips in the country are hampered by policies implemented by the US.
"HBM's revenue is likely to remain flat in the second quarter as sales restrictions in China are still in effect and Samsung has not yet started supplying its 12-high HBM3E chip to NVIDIA," said Ryu Young-ho, Senior Analyst of NH Investment & Securities.
Although Samsung's profit has decreased, the analysis estimates that sales of Galaxy phones will remain stable. This is driven by high stock demand ahead of the potential application of US import rates for mobile phones.
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