【Q1 '22 Results】
□ Memory Exceeded bit growth guidance thanks to solid demand mainly from server and PC, and price declines were milder-than-expected, leading our performance to top market forecasts However, results declined Q-Q due to a one-off special incentive and seasonality - DRAM Achieved record-high quarterly sales for server by actively responding to strong demand mainly from datacenters - NAND Maintained stance of refraining from excessive sales expansion; addressed demand centered on SSD in a timely manner
□ S.LSI Improved earnings Q-Q backed by positive currency effects and increases in ASP, despite decreased supply of SoCs and image sensors due to weak seasonality for the mobile industry
□ Foundry Despite concerns like supply issues, demand was solid in all applications, supply of advanced processes grew, and we aligned with our yield target trajectory
【Q2 '22 Outlook】
□ Memory Demand to stay solid, centered on server, amid persistent uncertainties - DRAM Expand sales of high-value-added products while actively addressing demand for applications with high growth potential - NAND Amid issues related to shortages of active/passive component devices, focus on timely responses by actively addressing demand for enterprise SSD
□ S.LSI Focus on maximizing supply of key components such as SoCs and image sensors
□ Foundry Enhance technology leadership via world’s first mass production of GAA 3-nano process; expand supply and secure more new orders from global customers, including those in USA/Europe
【2H '22 Outlook】
□ Memory Amid lingering uncertainties, high density mobile demand to recover on the back of solid server demand following increased penetration of a new CPU and DDR5 and strengthened lineups of flagship products Preemptively address demand by expanding cutting-edge interfaces such as DDR5 and LPDDR5x. Under a stance of flexible supply linked to market conditions, further stabilize cost competitiveness and strengthen market leadership by operating a portfolio centered on high-value-added solutions and through industry-leading technology
□ S.LSI Concentrate on expanding SoC business by bolstering volume-zone lineup
□ Foundry Exceed market growth by sustaining leadership in GAA process technology, adopt pricing strategies to ensure future investments, and raise the yield and portion of our advanced processes