According to The Elec, Samsung expects its annual operating profit from semiconductor sales to reach 13.1 trillion won (about 71.919 billion yuan) in 2023. Samsung shared this data with employees in a note that explains how they will perform in 2022 and affects the amount of expected bonuses paid in January.
Samsung pays employees performance bonuses at the beginning of each year. The amount is paid out of profits that exceed each business unit’s previous year’s target. Up to 20% of surplus profits are used as bonuses, and each employee can receive up to 50% of their annual salary as a bonus.
Samsung shared the expected annual profit of each business unit, and also shared the target profit and revenue of each business in 2023. This covers the Device Solutions division of the memory, logic and foundry business units, with an estimated annual operating profit of 13.1 trillion won.
If this goal is achieved, employees are expected to receive a bonus equivalent to 5% to 11% of their 2023 annual salary, which will be paid in January 2024.
To get the maximum 50% bonus, they must reach an annual operating profit of 28 trillion won (about 153.72 billion yuan), which is almost impossible to achieve this year given the current downturn in the global memory chip market.
If Samsung’s expectations are realized, its semiconductor operating profit in 2023 will be about half of its operating profit in 2022. Analysts expect Samsung’s semiconductor operating profit in 2022 to be between 25 trillion won (about 137.25 billion yuan) to 26 trillion won (about 142.74 billion yuan).
