Shares of the Boise, Idaho-based company rose 1.4% in after-market trading, buoyed by strong demand for Micron s memory chips for laptops and server chips for data centers., , Micron Technology, shares, 5G smartphone, global economy
Samsung Electronics shares rose as much as 8.6 per cent in afternoon trade to a record high, compared to a 3.9 per cent rise in the wider market, due to an earlier-than-expected rebound in memory chip prices
Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.
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SEOUL (Reuters) - Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.
Samsung Electronics shares rose as much as 8.6% in afternoon trade to a record high, compared to a 3.9% rise in the wider market, due to an earlier-than-expected rebound in memory chip prices, analysts said.
“DRAM chip prices appear to be turning around now, rather than later in the year as we expected,” said Song Myung-sup, analyst at HI Investment & Securities.
Samsung’s shares have risen about 67% since September, boosted by a global shortage of chips that has forced firms to scramble to secure production capacity from contract chip manufacturers, or foundries.