Shulou(Shulou.com)11/24 Report--

CTOnews.com January 9, Samsung Electronics Vice Chairman and Co-CEO Han Zhongxi said that Samsung is ready to fight an uphill battle in the coming year, and stressed that it will seek new growth momentum in future technologies such as robotics and meta-universe.

Source: Samsung Electronics

"the combination of long-term economic recession, geopolitical tensions, supply chain risks and climate change has greatly increased market uncertainty," Mr Han said at a brief media conference on Friday on the sidelines of CES 2023 in Las Vegas. The company's decision to deal with these challenges will affect future success or failure.

On the same day of the CEO's comments, Samsung forecast its operating profit for the fourth quarter of 2022 was 4.3 trillion won (23.263 billion yuan), down 69% from a year earlier. This is far below the market consensus of 6.9 trillion won. Sales between October and December are also expected to fall to 70 trillion won, down 8.6 per cent from the same period last year.

CTOnews.com learned that Samsung believes that the main reason is the global economic downturn, leading to weaker demand for chips and household appliances. In addition, Han Zhongxi also believes that high exchange rates and high interest rates have also affected consumer sentiment.

Han Zhongxi said that in difficult times Samsung always adheres to the simple truth and always focuses on basic values. Han says the world's largest maker of memory chips and smartphones is studying robots and metaspheres for future growth engines.

The tech giant recently decided to invest 59 billion won ($46 million) in a South Korean robot maker called Rainbow Robots. The robot manufacturer, founded in 2011, is the first publicly listed robot company to receive investment from Samsung. The company launched its flagship collaborative robot in 2020.

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