Samsung Electronics Sees Increased Operating Rates for Consumer Electronics and Smartphones
Semiconductor Lines Remain Fully Operational as Company Responds Proactively to Rising Demand
Harman Automotive Component Operating Rates Decline Due to Automotive Market Conditions
Samsung Electronics is increasing the production operating rates of its key products, supported by the recovery of global market demand and rising prices of memory semiconductors.
According to the business report disclosed by Samsung Electronics on the 11th, the production operating rate of the consumer electronics division (TVs, monitors, etc.) in 2024 rose by 4.9 percentage points to 79.8% compared to 74.9% the previous year.
During the same period, the operating rate of production lines for mobile products such as smartphones also improved by 6.1 percentage points to 72.8% from 66.7% the previous year. This is analyzed as a sign that the global consumer electronics and smartphone markets are gradually shifting to a recovery trend.
The semiconductor division’s production lines operated fully in a 24-hour three-shift system, supported by the rise in memory semiconductor prices. Samsung Electronics maintained a 100% operating rate for its semiconductor production lines this year as well, following last year. This reflects an active response to the surge in demand due to the recovery of the memory semiconductor market.
On the other hand, the operating rate of the digital cockpit production line at Harman, which is responsible for Samsung Electronics’ automotive electronic components business, fell to 68.2% compared to the previous year. This is analyzed as an effect of the global automotive market situation and the reduction in production volume by automobile manufacturers.
Samsung Electronics is enhancing production efficiency in line with the recovery of demand for finished products and mobile products, and especially in the semiconductor division, plans to continuously maintain maximum production capacity to focus on expanding market share.
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