Samsung Expects 28% Rise in Operating Profit

By Nick J Adam On Oct 8, 2021

SEOUL— Samsung Electronics Co. is forecasting a 28% jump in third-quarter operating profit, the latest reminder of how the world-wide semiconductor shortage has turned out to be a financial boon for chip makers.

The world’s largest smartphone and memory-chip maker is projecting operating profit of 15.8 trillion South Korean won, equivalent to about $13.3 billion, for the quarter ended Sept. 30. That compares with about 12.35 trillion won for the year-earlier quarter.

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