Samsung Elec expects $100 million or more sales from advanced chip packaging business Reuters via biedexmarkets.com

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© Reuters. A member of the event staff stands during the Samsung Electronics Co. annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 20, 2024. SeongJoon Cho/Pool via REUTERS

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SEOUL (Reuters) -Samsung Electronics expects $100 million or more of revenue from its advanced chip packaging business this year, co-CEO Kye-Hyun Kyung said on Wednesday.

Samsung (KS:) set up advanced chip packaging as a business unit last year, and Kyung said he expects the results of Samsung’s investment to come out in earnest from the second half of this year.

Kyung’s remarks were made during Samsung’s annual general shareholders’ meeting.

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