Samsung Electro-Mechanics posts record revenue on AI, auto electronics demand

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SEOUL, January 23 (AJP) - South Korea's Samsung Electro-Mechanics said Friday growth in artificial intelligence and automotive electronics helped it post the highest annual revenue in its history last year.

In a regulatory filing, the company reported consolidated revenue of 11.3 trillion won ($7.7 billion) and operating profit of 913.3 billion won. Revenue rose 10 percent from a year earlier to a record high, while operating profit climbed 24 percent.

Fourth-quarter revenue increased 16 percent from a year earlier to 2.9 trillion won, while operating profit more than doubled, rising 108 percent to 239.5 billion won, the company said.

Samsung Electro-Mechanics expects continued expansion in AI infrastructure investment and the autonomous driving market this year.

A company official said the firm plans to strengthen competitiveness in high-value products, including AI and automotive electronics, while building a mid- to long-term growth base through new businesses such as glass substrates and components for humanoid robots.

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
Seon Jae-kwan 기자 seon@economidaily.com

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