SEOUL -- Samsung Electronics' operating profit surged 53% in the second quarter from a year ago, the company said Wednesday, as strong memory chip demand amid the coronavirus pandemic more than made up for falling smartphone sales.
South Korea plans support for chipmakers as global competition heats up

Samsung Electronics is benefiting from global demand for semiconductors. © AFP/Jiji
SEOUL -- Samsung Electronics' operating profit surged 53% in the second quarter from a year ago, the company said Wednesday, as strong memory chip demand amid the coronavirus pandemic more than made up for falling smartphone sales.