“It’s difficult for everyone in general this year…Now is the time to add”
Samsung Electro-Mechanics President Jang Deok-hyun said on the 6th (local time), “We plan to focus on our existing flagship businesses, such as multilayer ceramic capacitors (MLCCs), camera modules, and package substrates, in growth areas such as servers and electronic devices.”
President Jang met with reporters following completing a Samsung Electronics booth tour at CES 2023, the world’s largest home appliance and IT exhibition held in Las Vegas, the United States, and said, “We are considering a new business that develops and utilizes the technology we currently have.” said so.
President Jang added, “We are researching and developing whether it can be applied to the energy or power field, and I think we can show the product once it is materialized.”
I thought the business environment this year would not be easy.
President Jang diagnosed, “This year will be difficult for everyone in general,” and diagnosed, “We, competitors, customers, and supply chains are all in a difficult situation.”
“Many people say that the upturn (rising phase) is the end of the second quarter, but economic forecasting is difficult, so I think I’ll have to go there,” he said.
He said, “Even in difficult circumstances, if there are good sectors, we are looking better,” and “the next growth cycle will come, so we are trying to prepare well.”
During this CES period, President Jang, who mainly held meetings with customers related to electric vehicles, repeatedly emphasized that “the electric field is a growing field in the future.”
Samsung Electro-Mechanics has been concentrating its investment on high value-added boards following clearing up its smartphone main board (HDI) business, which was in the red in 2019.
Substrate division revenue also improved.
Regarding the additional business reorganization plan, President Jang emphasized, “It seems that all adjustments have been made, and now it is time to add more.”
Regarding the possibility of mergers and acquisitions (M&A), he said, “I think it is necessary if there is a good company in a field with growth potential.”
Samsung Electro-Mechanics has been mass-producing FC-BGA (flip chip-ball grid array) boards for servers since the end of last year.
Regarding this, President Jang said, “I plan to grow the business this year,” and “I will try to generate sales from the server business.”
Regarding China’s ‘With Corona’, he predicted, “I think there will be opportunities once With Corona settles down, but it’s still too early to predict.”
/yunhap news