Samsung Electronics released its fourth quarter and full year results for the year ended December 31, 2020 on Thursday. According to the financial report, Samsung's revenue in the fourth quarter was 61.55 trillion won (about 55.6 billion US dollars), a year-on-year increase of 3%; its net profit reached 6.45 trillion won (about 5.84 billion US dollars), a year-on-year increase of 26.4%, but lower than analysts' average expectation of 7.3 trillion won (about 6.56 billion US dollars).
Although Samsung's business is showing positive signs of growth, the return of its de facto leader and heir to the billionaire, Li Zairong, to prison after being sentenced on bribery charges has cast a shadow over its future growth.
At a time when the shortage of chip supply affects mobile technology giants from global auto manufacturers, apple and Qualcomm, TSMC is planning to break the investment record again and reserve up to US $28 billion to expand and improve production capacity. With Intel joining the competition, Samsung's chip foundry business is expected to continue to expand, and the company is said to spend $10 billion to expand its Texas chip manufacturing plant.