Friday, 24 March, 2023

Strong chip prices cause Samsung electronics to grow by 38%

<p>Samsung Electronics, in the April-June quarter of this year, saw growth in profit by 38% due to the strong prices of chips, increase in demand, and reinvestment into data centers. Their operating profit leaped to 11.3 trillion won. Samsung recorded its highest Q2 earnings since 2018. Their smartphone shipments have dropped in Q2 of 2021 to 59 mn from 76 mn in Q1 of 2021. The operating profit of the mobile business is estimated to be 2.9 trillion won.</p> <p>&nbsp;</p>