BEAMSTART Logo

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint

Korea Economic Daily LogoKorea Economic Daily3d ago

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint - Korea Economic Daily

Quick Summary:

LG Innotek Co.and Samsung Electro-Mechanics Co., two major South Korean suppliers for Apple’s iPhone, on Wednesday reported more than a 60% plunge in fourth-quarter operating profit, weighed by the disrupted production of the iPhone 14 at its main assembler Foxconn in Taiwan.

Its full-year operating profit dwindled by 20.4% on-year to 1.2 trillion won last year, hit by reduced demand for electronic devices after COVID-19 struck.

Meanwhile, LG Innotek will increase the production of flip chip ball grid array (FC-BGA) packages, or high-density package substrates this year, its Chief Executive Jeong Cheol-dong told The Korea Economic Daily earlier this month.


More Pictures

LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint - Korea Economic Daily (Picture 1)LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint - Korea Economic Daily (Picture 2)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 20:59:26 (3 days ago)

News Timezone: GMT +8:00

Ranking: #358 (out of 4994 stories this day)

News Source URL: kedglobal.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 4773171

View Article Analysis

About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint" has 343 words across 21 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint" was covered 3 days ago by Korea Economic Daily, a news publisher based in South Korea.

How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.

The outlet is headquartered in South Korea and publishes an average of 6 news stories per day.

It's most recent story was published ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #4773171
  • URL: https://beamstart.com/news/lg-innotek-samsung-electro-mechanics-1674648401957

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.