Samsung Electro-Mechanics Posts Record Quarterly Revenue, Profit
· Source: thelec.net
In short
Samsung Electro-Mechanics reported record third-quarter revenue of 3.7633 trillion won and operating profit of 691 billion won, up 30% and 165% year over year, beating market expectations. AI-related products drove growth, with Component Solution revenue rising 36% on strong MLCC demand for AI data centers and Package Solution up 58% on server CPU, AI accelerator and FC-BGA substrate supplies. The company expects continued strength in the fourth quarter and is investing 6.78 trillion won to expand FC-BGA capacity in Sejong and Vietnam.
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Tags: electronics, components, capacity, semiconductors, demand