Driven by electronic components, Samsung Electronics’ sales in China in the first half of the year exceeded the US
According to the report, Samsung Electronics’ sales in the Chinese market in the first half of 2018 reached 27.41 trillion won (24.6 billion US dollars), surpassing the American market for the first time in total sales. According to the data, the electronic components produced by Samsung have boosted the sales volume in China.
Since 2013, Samsung Electronics’ sales in the Chinese market have increased year-on-year in total sales, rising from 18.5% to 32.7% in four and a half years. In the past, the proportion of sales in the Americas market fell to 30.2% in 2017, and fell again to 26% in the first half of 2018.
According to analysis, the main reason is that Chinese IT companies are mostly the main customers of Samsung memory chips, while Samsung smartphones, TVs and other products are relatively reduced in sales in Europe and America.
According to a recent report released by Samsung Electronics, the company’s sales to the top five customers in the first half of the year accounted for 11% of Samsung’s total sales, including Huawei from China. At the same time, Samsung is also increasing its semiconductor investment in China. As early as 2012, Samsung Semiconductor invested 10 billion US dollars to complete the first phase of the storage chip factory. In 2017, Samsung Semiconductor signed an investment agreement with the Shaanxi Provincial Government of China and decided to invest another 7 billion US dollars in the second phase of the storage chip factory. The plant officially started construction in March this year and is scheduled to be completed in 2019.