Samsung's wafer foundry business turned a profit in June for the first time in three years.

Huo Xing Finance reports that as of June 2024, Samsung Electronics’ foundry division achieved its first monthly profit since 2023. Industry analysts attribute this recovery to increased orders for high-bandwidth memory (HBM) base chips and improved yields in advanced processes, which have reduced fixed cost burdens. If current trends continue, Samsung’s foundry business is expected to achieve quarterly profitability in the third quarter of this year. Although the overall second-quarter performance was still weighed down by losses incurred in April and May—making it uncertain whether the entire quarter turned profitable—the shift to profitability in June has led to growing internal confidence that quarterly profitability in Q3 is now significantly more likely. Analysts note this marks the division’s first monthly profit since 2023; for several years, the business had consistently operated at a loss due to factors such as low yields in advanced nodes, loss of major clients, and underutilized capacity.