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Technology

Samsung says Q4 operating profit likely up 52.5% amid chip demand

South Korean tech giant seen pursuing imminent M&As as key posts change

SEOUL -- Samsung Electronics estimated on Friday that its operating profit soared more than 50% in the fourth quarter of 2021, as the company enjoys robust demand for its chips and smartphones and seeks expansion through mergers and acquisitions

In issuing earnings guidance for the October-December period, the South Korean tech giant said that operating profit likely reached 13.8 trillion won ($11.5 billion), up 52.5% from the same period the year before. It said the company's revenue is expected to have risen 23.5% to 76 trillion won during the same period.

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