SEOUL (REUTERS) – Samsung Electronics said on Thursday (Oct 28) it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years.
The world’s top maker of memory chips posted a 28 per cent jump in operating profit in the July-September quarter to 15.8 trillion won (S$18.19 billion) on the back of an 82 per cent on-year profit surge in its chip business, where earnings rose to 10.1 trillion won.
Rising memory chip prices and shipments, plus a jump in profitability at Samsung’s chip-contract manufacturing business boosted the chip division’s operating profit, while sales of Samsung’s new foldable smartphones were tempered by marketing and component costs.
