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Technology

Samsung Q2 profit soars 53% amid strong memory chip demand

South Korea plans support for chipmakers as global competition heats up

Samsung Electronics is benefiting from global demand for semiconductors.   © AFP/Jiji

SEOUL -- Samsung Electronics' operating profit surged 53% in the second quarter from a year ago, the company said Wednesday, as strong memory chip demand amid the coronavirus pandemic more than made up for falling smartphone sales.

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