Samsung Electronics has revealed that its capital expenditures (Capex) reached KRW 53.1 trillion in 2022, including KRW 47.9 trillion for semiconductors and KRW 2.5 trillion for displays.

Samsung’s capital expenditures in 2021 were KRW 48.2 trillion, including KRW 43.6 trillion for semiconductors and KRW 2.6 trillion for displays.

Samsung said capital expenditures in the fourth quarter of 2022 were KRW 20.2 trillion, with KRW 18.8 trillion in semiconductors and KRW 0.4 trillion in displays. Samsung’s memory business invested in P3 and P4 infrastructure, in preparation for bit supply and in EUV to enhance competitiveness.

Samsung’s Foundry investments focused on expanding the production capacity of advanced nodes at Pyeongtaek as well as on the initial capacity for 3 nanometer (nm) and the infrastructure for the Taylor site.

South Korea-based Samsung did not indicate the size of the capital spending for 2023. But the world’s biggest maker of memory chips and smartphones said it is facing sluggish demand in the first two quarter of 2023.

REVENUE

Samsung Electronics has posted KRW 70.46 trillion (–8 percent) in revenue and KRW 4.31 trillion or $3.49 billion (–69 percent) in operating profit in the quarter ended December 31, 2022. This is the lowest quarterly profit in eight years for Samsung Electronics.

For 2022, Samsung reported 302.23 trillion in revenue, a record high and KRW 43.38 trillion in operating profit. In 2021, Samsung reported KRW 279.6 trillion in revenue and KRW 51.63 trillion in operating profit.

Samsung’s semiconductor businesses posted KRW 20.07 trillion in revenue and KRW 0.27 trillion in operating profit in the fourth quarter.

Samsung’s SDC posted KRW 9.31 trillion in revenue and KRW 1.82 trillion in operating profit for the fourth quarter.

Samsung’s MX and Networks businesses posted KRW 26.90 trillion in revenue and KRW 1.70 trillion in operating profit for the fourth quarter.

Samsung’s Visual Display and Digital Appliances businesses recorded KRW 15.58 trillion in revenue and KRW 0.06 trillion in operating loss for the fourth quarter.

Last week, chipmaker Intel said it expects to lose money in the current quarter as the personal computer industry experiences a chip glut.

Memory chip rivals Micron Technology and SK Hynix had said they would slash investment in 2023.