Samsung Elec sees component shortages persisting in H2, solid server chip demand

Operating profit at the world's top memory chip and smartphone maker rose to 14.1 trillion won ($11.1 billion) for the quarter ended March 31, from 9.38 trillion won a year earlier.That was its highest first-quarter profit since 2018.

SEOUL: Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half.

Samsung said demand for server chips is expected to be solid in the second half, but the pace at which component shortages are resolved will need constant monitoring.