Samsung’s chip business contributed over half of the profit during the quarter thanks to strong demand for memory chips.
Samsung recorded its best operating profit in nearly three years during the second quarter of 2021 thanks to high demand for memory chips during the quarter. The South Korean tech giant said on Thursday that it posted 63.67 trillion won in sales and 12.57 trillion won in operating income. Sales and operating income jumped 20% and 54%, respectively, from the previous year. It is Samsung’s best quarterly performance since the third quarter of 2018. The company’s semiconductor business contributed 6.93 trillion won in operating income, over half the total figure. Market conditions improved in the memory market, which led to stronger-than-expected increase in average sales prices for both DRAM and NAND chips, Samsung said.
