After the announcement of their revenues for the second quarter of this year, Samsung is expected to become the second largest producer of Semiconductors in the world pushing down Intel Corp which enjoyed the position for a good long time.
Samsung's operating profit tumbled to 5.2 trillion won in the third quarter of a year ago as the discontinuation of the Galaxy Note 7 smartphone over its faulty battery dealt a blow to the tech behemoth of South Korea.
This year is expected to result in record profits for memory chip makers as prices have gone up due to increased demand from smartphones and servers producers, as well as a persistent supply shortage of NAND chips. Analysts expected 13 trillion won according to financial data provider FactSet.
Samsung Electronics topped analysts' estimates with its best operating profit, as global demand for semiconductors remained strong and the new Galaxy S8 smartphone won over customers.
"In July DRAM prices will go up again, while from mid-August on, OLED panels go out for Apple", HMC Investment analyst Greg Roh said.
Revenue likely rose 3.9 percent to 14.6 trillion won, the firm said, also lower than the 15.1 trillion won SmartEstimate. The company also has an extensive business portfolio that lets different products drive profits from year to year as circumstances change, with televisions and mobile devices, chips, and smartphones each taking the lead at times between 2009 and 2016. The merger between Samsung C&T and Cheil Industries was a major step for him to tighten his control of Samsung Electronics, in which he holds only 1 percent of shares.
Results for Samsung's individual businesses were not given in the guidance.