Technology

Samsung Q2 solid on server-chip demand, smartphones cloud outlook

Samsung Q2 solid on server-chip demand, smartphones cloud outlook

Samsung Electronics Co Ltd is likely to turn in its best April-June profit since 2018 with a 15% year-on-year rise, as lingering demand for its memory chips from server customers offsets lower sales to inflation-hit smartphone makers. Operating profit for the world`s biggest smartphone and memory-chip maker likely jumped to 14.46 trillion won ($11.2 billion) in the quarter.

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