Samsung is expecting its annual operating profit from semiconductor sales in 2023 to be around 13.1 trillion won, TheElec has learned.
This figure was shared with its employees in a note sent to employees on Wednesday explaining their expected bonus payment amounts to be paid in January from their performances in 2022.
Samsung pays performance incentives to employees at the start of every year. The amount is paid out from profits exceeding each business unit’s target goal for the prior year.
Up to 20% of the surplus profit is used as bonuses and each employee can get up to 50% of their annual salary as an incentive.
Samsung’s expected annual profit for each business unit was shared because it also needs to share each business’ target profit and revenue for 2023.
The Device Solution division, which encompasses memory, logic, and foundry business units, is expecting an annual operating profit of 13.1 trillion won.
If this target is met, employees are expected a bonus payment equal to 5% to 11% of their annual salary in 2023, which will be paid in January 2024.
To get the maximum 50% bonus, they will have to meet an annual operating profit of 28 trillion won __ which is all but impossible next year given the current downturn in the global memory chip market.
If Samsung’s own expectations are met, its operating profit next year would be around half of its annual operating profit in 2022, which is expected to be between 25 trillion won to 26 trillion won by analysts.