Samsung Elec says demand for chips to remain strong after Q2 profit jumps By Joyce Lee and Heekyong Yang Reuters SEOUL (Reuters) -Samsung Electronics Co Ltd on Thursday forecast strong demand for memory chips and a recovery in demand for display panels due to new smartphone launches, after posting its highest quarterly operating profit in over two years. "For the second half, market conditions are expected to be favorable for the component business," Samsung said in a statement, although it cautioned that "risks of continued disruptions in component supply and uncertainties related to COVID-19 are likely to persist." Despite the risks posed by shortages of other semiconductors, it said the memory chip market's fundamentals remain strong on increasing 5G adoption, new smartphone model launches, and sustained demand for servers and PCs.