[Concall] Samsung Electronics "Waiting for US Commerce Department Outcome on Huawei Exports"

Upside Observations Centered on China and Consumer Sentiment Recovery... Mobile DRAM and NAND Expected to Remain Strong in Q4

[Asia Economy Reporter Ki-min Lee] On the 29th, during the Q3 earnings conference call, Samsung Electronics stated, "Regarding the Huawei export license, we have applied for approval from the U.S. Department of Commerce and are awaiting the results," adding, "At this point, it is difficult to provide any results." They continued, "Since the sanctions intensified, an upside centered on China has been observed in the mobile sector, and with consumer sentiment recovering from the freeze in the first half, mobile demand in Q4 is expected to be solid for both DRAM and NAND."

They also said, "We expect a recovery in set sales and demand for mid-to-low-end 5G mobiles in 2021, and we will continuously monitor market conditions regarding the acquisition of licenses."