Samsung says operating profits up 12.18%
South Korean giant sees record profits in semiconductor sector despite supply chain woes
Image Credit: Bloomberg
Seoul: South Korean chip powerhouse Samsung Electronics said Thursday that second-quarter operating profits were up 12.18 per cent, with record profits in its semiconductor sector despite global supply chain woes.
The company’s “system semiconductor businesses... achieved a record high quarterly profit,” Samsung said in a statement, adding it had both expanded its product line-up and increased the supply of chips to global customers.