Samsung Elec posts higher Q2 profit on strong server-chip demand
Samsung Electronics Co Ltd turned in its best April-June profit since 2018 with an 11% year-on-year rise, as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers.
The smartphone maker said on Thursday its second-quarter operating profit rose to 14 trillion won ($10.73 billion) from 12.57 trillion won a year earlier. Pic: Reuters