Samsung profit climbs on chips, pricey phonesBloombergSamsung Electronics Co’s operating profit rose more than 25 percent thanks to rising prices for semiconductors and surprisingly strong demand for its pricey foldable smartphones. The world’s largest maker of memory chips and smartphones has benefited from strong demand as the global economy recovers from the COVID-19 pandemic. Photo: APIn the mobile business, Samsung is ramping up production to meet strong demand for its foldable phones. “DRAM operating profit could climb due to sequential bit growth of 3-5 percent and also price rises in 3Q. NAND may also drive strong profit growth in 3Q due to a 10-15 percent sequential rise in bit shipments with a price increase of 5-9 percent.

Source: Taipei Times October 08, 2021 15:56 UTC