Institution: Memory chip price surge may lead Samsung Electronics to exceed Q1 earnings expectations

Golden Ten Data reported on March 12 that KB Securities analysts stated that Samsung Electronics' first-quarter performance is expected to exceed expectations, driven by rising memory chip prices. Led by Jeff Kim, the analysts pointed out in a research report that Samsung Electronics' operating profit for January to March is expected to reach about 40 trillion won, higher than the market consensus of 35 trillion won compiled by FnGuide. They noted that this would represent a fivefold increase compared to the same period last year and double the previous quarter. The analysts highlighted that the prices of the two main memory chips, DRAM and NAND, rose by 51% and 48% respectively in the first quarter, accelerating from the previous quarter's increases of 40% and 25%.