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A woman tries out augmented reality glasses with the Samsung Galaxy S9 Plus phone at the Mobile World Congress in Barcelona in February.   © Reuters
The Big Story

Asia Inc. comes roaring back in 2017

Nikkei Asia300 companies reap historic profits as tech demand booms

HIROSHI KOTANI, Nikkei staff writer | China

BANGKOK -- Asia's big corporations posted record profits in 2017 following several lackluster years, with the technology sector in particular taking advantage of solid demand for devices like smartphones and consumer appliances.

Samsung Electronics was the region's most profitable company last year, taking home a net profit of 41.3 trillion won ($38.7 billion) up from 22.4 trillion won a year earlier. Semiconductors were a key driver of the growth, as chip prices rose amid a strong economic expansion around the world, and Samsung made serious inroads into contract chip manufacturing.

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