Samsung recently announced the company generated $63.7 billion in revenue during the fourth quarter of 2021. This is way up from $55.33 billion in 2020. Meanwhile, full-year revenues grew from $212.82 billion to $232.5 billion last year.
“The world’s largest chipmaker reported record revenue despite challenges linked with supply chain issues and COVID, which are expected to continue,” writes Justin Byers of Front Office Sports. “Samsung has been proactive in establishing a presence in the gaming and chip industries.”
The growth of Samsung’s semiconductor sector was key to its financial success in 2021. In fact, the company lead the technology industry with $36.3 billion spent on semiconductors during the 2021 fiscal year.
Samsung also made an effort to improve the chips used in its Galaxy Watches. The company plans on building a brand new, $17 billion semiconductor factory outside of Austin, Texas. This facility is scheduled to open in 2024.
(All information was provided by Front Office Sports)
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