Samsung reports profit jump driven by strong chip demand

Samsung reports profit jump driven by strong chip demand

3 years ago
Anonymous $K6XgmDN5_o

https://apnews.com/9e960342fc909cbfa7216fddf2da3010

SEOUL, South Korea (AP) — Samsung Electronics Co. said Thursday its operating profit for the last quarter rose by more than 26% as it capped off a robust business year where its dual strength in parts and finished products allowed it to thrive amid the pandemic.

But the South Korean tech giant expects its profit to weaken in the current quarter with a weak dollar and costs associated with expanded production lines likely affecting its bread-and-butter computer memory chip business.

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