Global chip shortage: Samsung expects its profits to jump by 52%

Technology giant Samsung Electronics has said it expects to post a 52% jump in profit for the last three months of 2021, amid the global chip shortage.

The world’s biggest memory chip maker estimates that it made 13.8tn won ($11.5bn; £8.5bn) in the period.

That would be its highest fourth quarter operating profit in four years.

The company’s earnings were boosted by strong demand for server memory chips and higher profit margins in its chip contract manufacturing business.

–BBC

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