To: robert b furman who wrote (14452 ) 9/7/2022 10:24:47 AM From: Kirk © 1 RecommendationRecommended By
Read Replies (1) | Respond to Rare WSJ article that is not behind a paywall.Samsung Expects Sharp Downturn in Chip Sales to Extend Into Next Year The second half of this year looks bad, and as of now, next year doesn’t really seem to show a clear momentum for much improvement ,” said Kyung Kye-hyun, who heads Samsung’s semiconductors unit and serves as the company’s co-CEO, at a Wednesday media briefing.Earlier this year, industry executives widely believed that the second half of 2022 would be stronger than the first. But by late spring, it became apparent that demand levels had “drastically changed” and would instead be softening significantly , Mr. Kyung said.Samsung would continue to expand its investment and research-and-development spending. He suggested Samsung could—as it did during prior industry dry spells—use the downturn to capture more market share . He didn’t elaborate.Global chip sales are expected to grow 13.9% to $633 billion this year , according to a recent forecast from trade group World Semiconductor Trade Statistics. That represents a pullback from an earlier projection for a 16.3% rise. wsj.com
