ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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
KIM JAEWON, Nikkei staff writer | South Korea

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.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close