Samsung's Device Solutions recorded impressive revenue growth of 78% compared to last year, but its operating profit plunged 40% from the previous quarter due to one-off costs.
Despite delivering a profit rebound from a significant loss in Q3 2023, Samsung's quarterly decline was attributed to costs and negative currency impacts, challenging its profitability.
The ongoing challenges in the semiconductor market, such as production yield issues and delays in delivering high bandwidth memory, have pressured Samsung to rethink its product strategies.
EVP Jaejune Kim defended Samsung's performance by emphasizing their commitment to high value-added products to regain market position, but acknowledged the impact of recent operational setbacks.
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