Samsung expects component shortages to affect some chip demand after 3-year profit high


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/File Photo

SEOUL (Reuters) -Samsung Electronics Co Ltd said on Thursday 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% jump in operating profit in the July-September quarter to 15.8 trillion won ($13.48 billion) on the back of an 82% on-year profit surge in its chip business, where earnings rose to 10.1 trillion won ($8.62 billion).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Exclusive-Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system
Binance working closely with Nigeria authorities to resolve exec's detention, CEO says
Critics of India's Modi migrate online as mainstream media stays deferential
3,000-member revenge porn group had underage victims, US officials say. Creator arrested
Huawei unveils new phone lineup to ramp up the pressure on Apple
Binance obtains Dubai licence to target retail clients
Parents find camera disguised as phone charger in girl’s room, US cops say. Man charged
What to do if your personal info has been exposed in a data breach
AI-generated child pornography is circulating. This US prosecutor wants to make it illegal.
Study links excessive Internet use to teen school absence risk

Others Also Read