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Samsung Q3 profit seen strong on demand for chips, foldables

Paroled Vice Chairman Lee drives investments after return to management

Analysts say solid demand for Samsung's foldable smartphones likely contributed to an expected strong operating profit increase in the third quarter. (Source photos by AP and Samsung)

SEOUL -- Samsung Electronics is likely to report a double-digit increase in operating profit during the third quarter thanks to strong demand for semiconductors and foldable smartphones as well as a weak local currency.

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