The company said, “Looking ahead to the first quarter of 2025, earnings are expected to remain weak due to sluggish mobile demand and fixed-cost burden stemming from lower utilization rates. In this environment, the Foundry Business will concentrate on advancing leading-edge process development and enhancing process maturity to expand opportunities in AI and HPC applications and customer engagement for advanced nodes. As for 2025, the Business will continue to secure orders from major customers by ramping up and stabilizing the 2nm GAA technology, while simultaneously bolstering the 4nm technology and design infrastructure to meet the growing mobile and HPC needs.”
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SSNLF:
- Samsung reports Q4 net profit KRW 7.8T vs. KRW 6.3T last year
- Samsung says Memory business to shift to more ‘high-value-added products’ in Q1
- Samsung expects System LSI business earnings to ‘remain weak’ in Q1
- Samsung Posts Strong Q4 but Chip Weakness Clouds 2025 Outlook
- Sector Spotlight: Verizon, Netflix beats kick off Q4 communications earnings