Samsung flags 10-fold rise in first-quarter profit as chip prices recover
The Star Online - Tech·2024-04-05 11:00
SEOUL (Reuters) -Samsung Electronics estimated on Friday a more than 10-fold rise in its first-quarter operating profit, as rebounding semiconductor prices lifted earnings from a low base a year ago when there was a severe downturn in chip demand.
The world's largest memory chip and TV maker estimated its operating profit rose to a better-than-expected 6.6 trillion won ($4.89 billion) in the quarter ended March 31.
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