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South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit on Thursday despite global supply chain challenges caused by the pandemic. The world's top chipmaker saw its operating profit reach 15.8 trillion won ($13.5 billion) for the July-September period, it said in a regulatory filing. Its sales…
South Korean tech giant Samsung Electronics Co yesterday reported a 28 percent jump in quarterly operating profit, despite global supply chain challenges caused by the COVID-19 pandemic. The world’s top chipmaker saw its operating profit reach 15.8 trillion won (US$13.5 billion) for the July-September period, it said in a regulatory filing. Its sales rose 10 percent year-on-year to a record 74 trillion won on the back of strong performance from its memorychip division, thanks to sustained global demand. “Favorable market conditions continued in the memory market” resulting in “robust s...