Samsung Electro-Mechanics said on the 30th that first-quarter sales on a consolidation basis came to 3.2091 trillion won, with operating profit of 280.6 billion won.
First-quarter sales rose by 470.5 billion won (17%) from a year earlier. Compared with the previous quarter, they increased by 307 billion won (11%). Despite reflecting a one-off expense of 71.4 billion won, operating profit increased by 80.1 billion won (40%) year over year and by 41.1 billion won (17%) from the previous quarter.
Samsung Electro-Mechanics said sales and operating profit increased from a year earlier as it expanded supply of high value-added products for industrial and automotive applications, including multilayer ceramic capacitors (MLCCs) for artificial intelligence (AI) servers and advanced driver-assistance systems (ADAS), AI accelerators, and flip chip ball grid array (FC-BGA) packages for server central processing units (CPUs).
Samsung Electro-Mechanics projected that in the second quarter the industrial and automotive components markets will continue to grow on the back of global AI investment and the expansion of Autonomous Driving. The company said, "As data center infrastructure advances and AI server power consumption increases, demand is expected to remain strong, centered on high value-added MLCCs and FC-BGA products for AI servers and data centers," adding, "We plan to supply cutting-edge industrial MLCCs and next-generation ultra-high-layer, large-area FC-BGAs in a timely manner."