Saturday, May 1, 2010

Samsung memory-chip sales up 11% sequentially in 1Q10 on higher ASP

Samsung Electronics' semiconductor division generated sales of 8.2 trillion won (US$7.4 billion) in the first quarter of 2010, up 2.5% sequentially and 57.4% from a year earlier. Sales from its memory business grew 10.7% sequentially to 5.59 trillion won in the first quarter, as its DRAM ASPs went up, according to the company.

Samsung indicated the global supply of DRAM chips was constrained amid strong demand in the first quarter, due to competitors' postponed production schedules for 50nm-class chips. The vendor claimed its efforts to expand production on 40nm-class process technology, and close ties with strategic customers allowed it to see profitability improve in the quarter.

Samsung also said sales of its 32Gb NAND flash chips and 3-bit per cell products for smartphones and other mobile applications grew in the first quarter despite seasonality. It has scaled up production for these 30nm-class chips.

Operating profits of Samsung's chip division (memory and system LSI) rose 46.3% on quarter to 1.96 trillion won in the first quarter, accounting for about 44% of its total. During the same quarter of 2009, the unit suffered losses of 710 billion won.

Samsung said it is focused on widening the gap between it and other DRAM competitors, through accelerating process advancement and developing high-density products. As to NAND flash, it has ramped up production on 2Xnm node.

Combining other businesses including LCD panels and telecoms, Samsung's total operating profits for the first quarter of 2010 were 4.41 trillion won, a record high. Net profits for the quarter also soared to 3.99 trillion won, compared to 3.04 trillion won in the fourth quarter of 2009 and 580 billion won a year ago. Consolidated revenues for the quarter hit 34.64 trillion won, up 21% on year, the company added.

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