Technology

Samsung Cashes In on Chips for Another Record Profit

BN-XF946_0131sa_G_20180130194951

Samsung Electronics delivered its third consecutive quarter of record results, owing to robust demand for its memory chips, though operating profit at its smartphone unit fell.

Samsung Electronics Co Ltd said it expects demand for memory chips to remain strong in 2018, as it reported record annual profit driven by a so-called memory chip "super-cycle" and announced a 50:1 stock split.

Source: Reuters

All Sources: Wall Street Journal Reuters

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