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Samsung's profit jumps 58% in 3Q as Huawei ramps up chip orders

Rival LG gets a boost from record-high TV demand amid pandemic

SEOUL -- Samsung Electronics said Thursday that its operating profit jumped 58.1% to 12.3 trillion won ($10.6 billion) in the third quarter year-on-year, hitting its highest level in two years.

The world's largest smartphone maker said that its sales increased 6.5% to 66 trillion won during the same period in its earnings guidance. Other earnings data will be disclosed later this month.

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