Samsung Electronics recently announced its fiscal 2020 Q2 quarterly financial report. The financial report showed that the company’s Q2 revenue was 52.97 trillion won ($44 billion), which was 5.63% lower than the 2019 fiscal year Q2 quarter. The net profit of the company and Samsung Group shareholders was 5.49 trillion won ($4.6 billion), an increase of 8.38% from 5.06 trillion won in the Q2 quarter of fiscal 2019.
Considering the great impact of the coronavirus epidemic, Samsung Electronics’ revenue fell by only 5.63% over the same period. It is indeed not easy for the net profit to increase by 8% over the same period. A large number of technology companies, revenue and profits have fallen over the same period last year.
The financial report shows that Samsung’s semiconductor division’s Q2 quarter sales were 18.23 trillion won and profits were 5.43 trillion won. However, Samsung Electronics did not separately announce the revenue of the chip foundry business.
Samsung Electronics stated that the company has mass-produced 5-nanometer process chips and that the 4-nanometer process is already under development. This research and development progress is almost the same as that of TSMC, which currently holds the highest market share in the field of chip foundry. Samsung previously stated that the 4nm process is an enhanced version of the 5nm process, which is somewhat similar to the 6nm Plus version of TSMC’s 7nm process. The next-generation advanced process is 3 nanometers, and both Samsung and TSMC are actively developing more advanced process technologies.