Samsung Electronics estimates first-quarter profit jumped 50 percent on solid chip demand

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Samsung Electronics estimates first-quarter profit jumped 50 percent on solid chip demand

Highest first-quarter profit since 2018 on back of memory demand.

Samsung Electronics on Thursday reported a 50 percent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips. The world's largest memory chip and smartphone maker estimated first-quarter profit at 14.1 ...

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