Samsung overtakes TSMC in revenue after seven years
Samsung Electronics' semiconductor division has surpassed TSMC in revenue and operating profit for the first time in over seven years. This significant achievement is attributed to the rising demand and prices for memory chips, leading to a sharp increase in Samsung's financial performance. In the first quarter, Samsung's semiconductor revenue exceeded TSMC's by $19.3 billion, with operating profit also surpassing TSMC by $15.4 billion. While TSMC primarily focuses on computing chips, Samsung specializes in various memory devices.
For the first time in many years, the DS semiconductor division of Samsung Electronics has surpassed TSMC in both revenue and operating profit. Increased demand for memory chips and rising prices have led to a sharp improvement in the Korean giant's financial performance. This was reported by Ixbt.com xabar beradi.
As a result, Samsung has managed to overtake its main competitor for the first time in 29 quarters, or more than seven years. In the first quarter, the revenue of the company's semiconductor division was 19.3 billion dollars higher than that of TSMC.
It was also noted that the operating profit was 15.4 billion dollars higher than that of its competitor. For context, while TSMC primarily manufactures computing chips, Samsung specializes mainly in the production of various memory devices.
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