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semiconductor and electronics industries, which had been sluggish throughout the first half of the year due to the bad corona, are recovering significantly.
On the 8th, Samsung Electronics and LG Electronics announced results that exceeded expectations, and we saw a rebound from the US sanctions on Huawei, as well as exploding consumption demand.
This is Kim Hye-min.
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Samsung Electronics announced that it posted KRW 66 trillion in sales and KRW 12.3 trillion in operating profit in the third quarter.
Operating profit increased 58% from last year, the highest in two years since the third quarter of 2018, which was called the semiconductor super boom.
Semiconductors, smartphones, and home appliances appear to have performed well.
Consumer electronics and smartphones sold well as consumption, which had been suppressed by Corona 19, has recovered significantly, and semiconductors have also benefited from the US sanctions by Huawei in China.
This is because Huawei placed an urgent bulk order for semiconductors before the sanctions began.
[Geun-Chang No/Hyundai Motor Securities Center Director: Huawei has accumulated inventory of parts necessary for the first half of 2021 until September 15th, so Huawei's pre-orders for semiconductors and displays have a positive effect on good performance in the third quarter...
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LG Electronics also recorded an all-time high in the third quarter, with operating profit of 959 billion won and sales of 16.919.6 billion won.
The 3rd quarter is usually the off-season for home appliances, but household appliances and large-sized TVs led the performance due to the increase in the'zipkok'.
However, the outlook for the fourth quarter is not smooth due to concerns over the re-proliferation of Corona 19 and uncertainties in the US' Huawei sanctions.
For semiconductors, DRAM and NAND flash prices are expected to fall, and for mobile, new products such as Apple are expected to be launched.
(Video editing: Kim Jong-tae)