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SK Hynix Q2 profit surges on strong chip demand from devices, servers Toggle share menu Advertisement SK Hynix Q2 profit surges on strong chip demand from devices, servers SK Hynix posted a 38per cent jump in second-quarter earnings to report its biggest quarterly profit in more than two years, as memory chip demand for PCs and other devices surged rapidly and demand from computer server operators recovered. FILE PHOTO: Employees walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File...

South Korea's POSCO posts record profit on strong steel demand recovery Toggle share menu Advertisement South Korea's POSCO posts record profit on strong steel demand recovery South Korean steelmaker POSCO posted its highest ever quarterly profit on Thursday, as strong industrial demand and surging steel prices boosted its revenue. FILE PHOTO: The logo of POSCO is seen at the company's headquarters in Seoul, South Korea, July 20, 2016. REUTERS/Kim Hong-Ji 22 Jul 2021 11:50AM Share this content Bookmark SEOUL: South Korean s...

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 th...

Samsung Electronics flags 53per cent jump in Q2 profit, tops estimates Toggle share menu Advertisement 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:...

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 smart...