https://apnews.com/492d5858d34bc751d8791ef9667ddcc8

SEOUL, South Korea (AP) — Samsung Electronics on Thursday reported its highest quarterly profit in three years as it continues to see robust global demand for its computer memory chips.

The South Korean technology giant also said its revenue of 74 trillion won ($63 billion) for the July-September period was a new quarterly record. Operating profit jumped 26% from the previous quarter to 15.8 trillion won ($13.48 billion), its highest since the same period of 2018, a growth the company attributed to “favorable market conditions” that led to rising semiconductor prices and shipments.