Samsung Posts Record Quarterly Revenue From Chip Boom

SEOUL— Samsung Electronics Co. reported record quarterly revenue and saw net profit grow 31% on the back of booming demand for memory chips, though some growth may soon slow as the global component shortage stalls the assembly of various tech products.

The Suwon, South Korea, company posted a third-quarter net profit of 12.29 trillion won, or the equivalent of $10.5 billion, versus 9.36 trillion won a year earlier.

Source link

About rudro

Check Also

UPDATE: ArcelorMittal Raises Share Buyback Plan By $1 Billion

<!– –> ArcelorMittal has recorded good numbers in its third quarter financial results ArcelorMittal, the …

Leave a Reply

Your email address will not be published. Required fields are marked *