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.
Edited by Jesus Chan
Do you want to add feedback to this story? Please add a comment in the box below or send an email to email@example.com, Call us at 201-500-7715