Samsung Electronics Share Plummets Again

This year has been a rollercoaster ride for Samsung, especially its electronics division.
Korea CXO, which focuses on the Korean economy and private businesses of the country, informed on July 13 that the market capitalization of Samsung Electronics sank from 469 trillion won to 340 trillion won within the first half of 2022.

Samsung Electronics’ shareholding declined from 40.47 trillion won to somewhat over 30.34 trillion won. According to industry sources, the market cap of Samsung Electronics may proceed to diminish with the worldwide semiconductor division heading for subsidence, including the Taiwanese semiconductor companies too.

“Last month, the monthly sales of the top 10 Taiwanese semiconductor suppliers were NT$300 billion, down 5 per cent from the previous month, this phenomenon of the Taiwanese companies, including TSMC, MediaTek, and Novatek, shows that the global semiconductor market is entering a recession.”
-IC Insights, a market research firm.

After Refinitiv SmartEstimate, earlier in July, predicted a 15% YoY growth for Samsung in its foundry sector since 2018, the Shares of SEC ltd rose to 2.5%, compared with a 1.5% gain in the broader market.

However, SAMSUNG remained on the list of top 10 companies suffering the most drop in market cap along with WALT DISNEY -25%, INTEL CORP -22%, PayPal at 53%, Alibaba at 52%, Tencent at 39%, and Netflix at 28%, in this year’s PwC report.