Provided by Dow Jones
By Timothy W. Martin SEOUL Samsung Electronics Co. s first-quarter net profit rose 46%, boosted by a greater appetite for the South Korean tech giant s gadgets and appliances that softened the financial hit from a temporary shutdown of its U.S. semiconductor production. The world s largest smartphone and memory-chip maker reported a net profit of 7.14 trillion South Korean won, or the equivalent of roughly $6.4 billion, up from 4.88 trillion won the prior year. Revenue rose 18% to 65.4 trillion won for the three months ended March 31. Samsung is a proxy for the global tech world, making a wide range of electronic gadgets while serving as a components supplier for its biggest rivals.
Provided by Dow Jones By Maria Armental Qualcomm Inc. benefitted from high demand for 5G smart phones, which boosted quarterly sales by 52%, as the mobile-phone chip company moved to assure its access to semiconductors in the face of global supply chain disruptions. Shares rose 5% to $144.03 in after-hours trading. Cristiano Amon, the company s president who is slated to take over as chief executive following Steve Mollenkopf s planned retirement, said that while demand continues to outstrip supply across businesses, company officials expect material improvement in supply by the end of 2021. Qualcomm, Mr. Amon said, has also picked up business from China s Huawei Technologies Co., which is subject to U.S. trade restrictions.
NTT, Fujitsu tie up over next-generation networks beyond 5G japantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantoday.com Daily Mail and Mail on Sunday newspapers.
Nokia, a Finnish telecom equipment giant, said on Monday it has signed an agreement with South Korean mobile carrier LG Uplus to install its next-generation indoor 5G equipment in the country.Nokia said it will deploy its small cell AirScale .