Samsung Q2 Profit Climbs
SEOUL (dpa-AFX) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the second-quarter that climbed 72.18 percent from the previous year, reflecting higher-than-expected chip prices and continued consumer demand for electronics during the pandemic. Quarterly sales grew 20.21 percent from the prior year.
The company expects favorable market conditions for the components business in second half.
The Memory Business is expected to see continued demand growth for server and mobile products and the company will accelerate migration to 15-nm DRAM and 6th generation V-NAND as well as expand the application of extreme ultraviolet (EUV) lithography process in DRAM production.
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