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Technology

Samsung fights supply chain disruption for 11% Q2 profit gain

Quarter-on-quarter decline signals potential trouble with 2nd-half chip demand

Samsung's expected results for the second quarter showed some weakness in comparison with the previous three months, with operating profit poised to fall 0.9% and revenue dropping 1.0%.   © Reuters

SEOUL -- Samsung Electronics on Thursday said operating profit likely rose 11.4% in the second quarter from a year earlier, mostly shrugging off a host of challenges, including global supply chain bottlenecks and intensifying competition in semiconductors.

Samsung sees operating profit at 14 trillion won ($10.7 billion), an increase of 11.4% from the same period last year. It also said revenue is forecast to have reached 77 trillion won, up 20.9%.

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