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Samsung forecasts strong chip demand in second half

Q2 profit soars led by semiconductor division

South Korea's Samsung Electronics is the world's biggest manufacturer of memory chips and smartphones.   © Reuters

SEOUL -- Samsung Electronics -- the world's biggest maker of memory chips -- said Thursday that strong demand for its semiconductors will continue through the rest of the year as global clients build inventories before prices go up further.

"The memory business is expected to see continued demand growth for server and mobile products," Samsung said in a statement as it released earnings results for the second quarter.

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