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Samsung exec sees no changes in demand for DRAM chips this year

2018/09/12 15:38

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SEOUL, Sept. 12 (Yonhap) -- A senior executive of South Korean tech giant Samsung Electronics Co. said Wednesday that he expects no major changes in demand for dynamic random access memory (DRAM) chips this year.

"There will be no big changes in demand for DRAM chips at least until the fourth quarter of this year," Samsung Electronics President Kim Ki-nam, who is in charge of the device solutions division, told reporters on the sidelines of a forum held at a Samsung building in southern Seoul.

This photo provided by Samsung Electronics Co. shows Kim Ki-nam, the head of Samsung's device solutions division, delivering an opening speech at a forum at a Samsung building in southern Seoul on Sept. 12, 2018. (Yonhap) This photo provided by Samsung Electronics Co. shows Kim Ki-nam, the head of Samsung's device solutions division, delivering an opening speech at a forum at a Samsung building in southern Seoul on Sept. 12, 2018. (Yonhap)

Asked if the ongoing robust demand for memory chips may end next year, he forecast that there will still be a demand for chips in the markets.

Samsung's chip business posted an operating profit of 11.61 trillion won (US$10.2 billion) in the second quarter, up 44 percent from 8.03 trillion won a year earlier.

entropy@yna.co.kr

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