Samsung Electronics' semiconductor division's sales surpass TSMC's for the first time in two years thanks to strong memory business - South Korean media

Samsung Electronics announced that its operating profit for the April-June quarter of 2024 reached 10.4439 trillion won (approximately 1.1431 trillion yen), up 1,462.3% from the same period last year. Sales were 23.4
In particular, the Device Solutions (DS) division saw its sales increase by 94% to 28.56 trillion won (approximately 3.1299 trillion yen), and its operating income increased by 1.2% to 1.26 trillion won (approximately 1.26 trillion yen).
Operating profits increased 237.7% to 6.45 trillion won (approximately 706.8 billion yen). Looking at sales of the DS division alone, Taiwan's leading foundry (contract manufacturing of semiconductors)
This surpassed the sales of TSMC (Taiwan Semiconductor Manufacturing Company, Ltd.) (Taiwan Dollars 673.51 billion, or JPY 3 trillion). This is the first time that the company's sales have exceeded those of TSMC since the April-June quarter of 2022.
The reason for this success is the booming memory industry. Of the DS division's sales, memory alone accounts for 21.74 trillion won (about 2.38 trillion yen).
Kim Jaejung, head of strategic marketing for the memory business division, said, "The demand for high-bandwidth memory (HBM) has increased, which has led to improved profits.
"Compared to the January-March quarter, sales grew by around 50% and 80% due to increased DDR5 shipments and rising average selling prices (ASPs)."