FILE PHOTO: The logo of Samsung Electronics is seen on a dish washer at its store in Seoul, South Korea, August 27, 2020. REUTERS/Kim Hong-Ji
SEOUL (Reuters) - Samsung Electronics Co Ltd said on Thursday it expects chip profits to increase but mobile profits to drop in the current quarter, as a global chip shortage affects its businesses in different ways.
Samsung, which reported a 46% rise in first quarter profit, said it expected memory chip earnings to improve "significantly" in the second quarter, as "market conditions improve on the back of strong server demand" as well as robust demand by other applications.
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