It was stored in the Yangtze River and dried out! After Samsung's flash memory price reduction, it announced a 50% reduction in production

Tech 2023-10-08 13:36:36 Source: Network

As a giant in the chip industry, Samsung can be regarded as a leading figure in the chip field, especially in the storage field.As the world's largest storage chip supplier, Samsung had almost control over the pricing of storage in the past

As a giant in the chip industry, Samsung can be regarded as a leading figure in the chip field, especially in the storage field.

As the world's largest storage chip supplier, Samsung had almost control over the pricing of storage in the past.

Whenever profits do not meet Samsung's expectations, Samsung starts issuing announcements stating where the factory buildings are on fire and where they have been burned down.

After the factory building catches fire, Samsung will announce a reduction in storage production this year, followed by a price increase of up to dozens of percent.

The previous Samsung storage made Chinese consumers have to be convinced. Every time Samsung launches a new storage product, Chinese consumers rush to buy it, afraid that when Samsung's factory building catches fire or loses water.

The reason for this situation is that there is no company in China or even the world that can replace Samsung's storage.

But this situation is already in the past.

Nowadays, several storage companies have emerged in China, and Samsung is no longer the only one.

Domestic storage companies, such as Changjiang Storage, quickly occupied the domestic market in China after launching high-performance products with functions no less than Samsung and low prices.

In 2021, the price of Samsung 980, a 1TB capacity M2 interface memory, once rose to around 1400 yuan. However, by 2022, the price of Samsung's product had dropped to 700 yuan in less than a year.

After domestic manufacturers such as Changjiang Storage and Zhiti launched their products, Samsung's storage prices have shown a cliff like decline, and Samsung has never released any news of a storage company fire or similar incidents.

Chinese storage manufacturers have shut down Samsung storage.

Even though Samsung's factories are no longer on fire and prices are constantly declining, it is still difficult to recover the declining sales volume of Samsung storage.

The continuous price reduction competition has made Samsung Storage unable to bear it anymore. Recently, Samsung would rather reduce the company's flash memory production by 50% than further reduce the price of SSDs.

The decline of Samsung's storage business is only a microcosm of the Samsung Group.

According to Samsung's financial report released in the first quarter of this year, Samsung Electronics' first quarter revenue decreased by 18% to 63.74 trillion won. The operating profit was 640.2 billion won, a 95% decrease from 14.12 trillion won in the same period last year.

This is Samsung Electronics' worst quarter in 14 years since the global financial crisis in 2008.

In recent decades, Samsung Group, which has been unfavorably competitive in China, has declined, but some people are still unwilling to acknowledge the decline of Samsung Group.

Samsung Electronics is only a subsidiary of Samsung Group, which has dozens of subsidiaries. The poor performance of one subsidiary does not affect the overall situation.

However, this viewpoint is too absurd. Although Samsung Electronics is only a subsidiary of Samsung Group, Samsung Electronics is the largest subsidiary of Samsung Group, accounting for more than two-thirds of the revenue of the entire Samsung Group. In terms of profits, Samsung Electronics can provide 80% of Samsung Group's profits.

Without Samsung Electronics, Samsung Group cannot achieve the effect of providing 20% of South Korea's economy.

And the decline of Samsung Group is not only reflected in Samsung Electronics, but in recent years, with the transformation and upgrading of China's industry, China has engaged in fierce industrial competition with Europe, America, Japan, and South Korea.

Electronics, chip engineering, home appliances, screen shipbuilding and other businesses in South Korea are no longer as strong as before.

Especially in the shipbuilding industry, China has monopolized 80% of the global market, and the South Korean shipbuilding industry, led by Samsung, has suffered consecutive losses.

Currently, the mainstream industries in South Korea are facing significant competition, except for the fact that cars can still grow against the trend.

South Korean manufacturing is no longer strong, and the 12 consecutive months of declining exports are the most favorable data proof.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])

Mobile advertising space rental

Tag: in reduction It was stored the Yangtze River and