BUSINESS

Samsung Set To See 52% Jump in Profit

South Korean multinational electronics technology company Samsung reportedly said it expects to post a 52% jump in profit for the 2021 last quarter, amid the global chip shortage.

The world’s biggest memory chip maker estimates that it made $11.5 billion in the period.

That would be its highest fourth-quarter operating profit in four years.

The company’s earnings were boosted by strong demand for server memory chips and higher profit margins in its chip contract manufacturing business.

Readers Bureau

Edited by Jesus Chan

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