Samsung Q2 revenue fell 5.6% to 44.5 billion US dollars, 4nm process development

Samsung Electronics announced on the 30th the second quarter of 2020 earnings, revenue fell 5.6% to 52.97 trillion won (approximately US$44.5 billion), operating profit increased by 23.5% to 8.15 trillion won; net profit attributable to shareholders of the parent company was 5.49 trillion won, an increase of 8.4% over the same period last year.

Samsung Electronics announced its second-quarter earnings report at a time when the COVID-19 pandemic severely hit the global economy, causing South Korea’s exports to plummet, and it fell into an economic recession for the first time in 17 years. However, remote office and online education have pushed up DRAM demand. Samsung Semiconductor The division contributed the largest percentage of operating profit in the second quarter.

The financial report shows that the second quarter sales of the semiconductor department were 18.23 trillion won and operating profit was 5.43 trillion won, accounting for 66.6% of the total operating profit.

In addition, Yonhap News Agency also pointed out that Samsung Electronics’ 4nm first-generation process is in mass production and the second-generation process is under development.