SAMSUNG REPORTS ROBUST PROFIT BASED ON CHIP STRENGTH
Techlife News|February 05, 2022
Samsung Electronics Co. said this week its operating profit for the last quarter rose by more than 53% from the same period last year as it continued to thrive during the pandemic while relying on its dual strength in parts and finished products.

Samsung’s operating profit of to 13.9 trillion won ($11.6 billion) for the October-December period was its highest for a fourth-quarter since 2017, growth the company attributed to robust demand for its computer memory chips and chip contract manufacturing.

Samsung’s 76.6 trillion won ($63.7 billion) revenue for the period was a quarterly record, which it said was driven mainly by increased sales of finished products, including smartphones, TVs and home appliances.

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