Samsung expects slowdown in growth of semiconductor industry in 2012

Samsung Electronics executives said today that as the global economic slowdown has weighed on market demand, the company expects the global semiconductor industry growth rate to slow next year.

Kwon Oh-hyun, Samsung’s director of electronic device solutions, said: “In the context of the economic slowdown, the outlook for the semiconductor industry is blurred. The growth rate in 2012 will not be too high, and technology will be an important factor. ”

Like other technology companies, Samsung Electronics is also trapped in a decline in consumer demand caused by uncertainty in the global economic outlook. AMD lowered its revenue and gross profit expectations for the third quarter on Wednesday.

Previously there were rumors that Samsung Electronics may have a wholly-owned stake in Samsung Mobile Display Co., a joint venture with Samsung SDI. However, Quan Wuyi stated that he did not hear about this plan.

Samsung Mobile Display Co., Ltd. is an important supplier in the field of AMOLED displays, which are widely used in smart phones, game consoles, and tablet computers.

Quan Wuyi also said that if necessary, the company will actively promote technology through mergers and acquisitions. He said that Samsung Electronics has mastered 3D integrated circuit technology and plans to launch related products within 2 to 3 years.