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SK Hynix sees strong memory chip demand continuing in second half as profit jumps

SK Hynix sees strong memory chip demand continuing in second half as profit jumps
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SK Hynix sees strong memory chip demand continuing in second half as profit jumps
SK Hynix said on Tuesday it expects strong memory chip demand to run on for the rest of 2021 on data centre build-outs and the use of more sophisticated chips in smartphones, as it reported its biggest quarterly profit in more than two years.
FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji
27 Jul 2021 12:15PM
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Samsung Electronics flags 53% jump in Q2 profit, topping estimates

Samsung Electronics flags 53% jump in Q2 profit, tops estimates
Reuters
4 hrs ago
By Joyce Lee and Heekyong Yang
© Reuters/Kim Hong-Ji
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul
By Joyce Lee and Heekyong Yang
SEOUL (Reuters) - Samsung Electronics Co Ltd on Wednesday reported a likely 53% jump in second-quarter operating profit, beating market estimates on the back of strong chip prices and demand despite lower smartphone sales.
The preliminary result is up 33% from the first quarter and underscores the soaring demand for chips that has depleted stockpiles amid a pandemic-led consumer appetite for electronics and recovering investment in data centres. ....

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Samsung Electronics flags 53per cent jump in Q2 profit, tops estimates

Samsung Electronics flags 53per cent jump in Q2 profit, tops estimates
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Samsung Electronics flags 53per cent jump in Q2 profit, tops estimates
Samsung Electronics Co Ltd said on Wednesday its second-quarter operating profit likely jumped 53per cent, beating analysts estimates, as strong chip prices and demand lifted earnings.
FILE PHOTO: The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo
07 Jul 2021 09:05AM
(Updated:
07 Jul 2021 09:50AM)
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SEOUL -Samsung Electronics Co Ltd on Wednesday reported a likely 53per cent jump in second-quarter operating profit, beating market estimates on the back of strong chip prices and demand despite lower smartphone sales. ....

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Samsung Electronics flags 53% jump in Q2 profit, tops estimates - Netscape Money & Business

Samsung Electronics flags 53% jump in Q2 profit, tops estimates
By Joyce Lee and Heekyong Yang
Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd on Wednesday reported a likely 53% jump in second-quarter operating profit, beating market estimates on the back of strong chip prices and demand despite lower smartphone sales.
The preliminary result is up 33% from the first quarter and underscores the soaring demand for chips that has depleted stockpiles amid a pandemic-led consumer appetite for electronics and recovering investment in data centres.
The world s largest memory chip and smartphone maker said profit for the quarter ended June 30 was likely 12.5 trillion won ($11 billion), well above a Refinitiv SmartEstimate of 11.3 trillion won. If confirmed later this month, it would be the tech giant s biggest second-quarter profit since 2018. ....

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Samsung Electronics says Q2 profit likely rose 53per cent, beating analyst estimate

Samsung Electronics says Q2 profit likely rose 53per cent, beating analyst estimate
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