Samsung reports 28% jump in profit despite supply chain woes

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SEOUL: South Korean tech giant Samsung Electronics posted a 28 per cent jump in operating profit on Thursday (Oct 28) despite global supply chain challenges caused by the pandemic. The world\u0027s top chipmaker saw its operating profit reach 15.8 trillion won (US$13.5 billion) for the July-September period, it

SEOUL: South Korean tech giant Samsung Electronics posted a 28 per cent jump in operating profit on Thursday despite global supply chain challenges caused by the pandemic.

"Favourable market conditions continued in the memory market" resulting in"robust sales", the company said in a statement. Pandemic-driven working from home has boosted demand for devices powered by Samsung's chips, as well as home appliances such as televisions and washing machines. But the firm has acknowledged it would continue to be affected by supply shortages for memory chips, noting"a longer-than-expected component supply issue may need to be monitored".

Lee was accused of having repeatedly taken the shots at a plastic surgery clinic in Seoul over several years, an act he said had"occurred due to my shortcomings" but insisted was for"medical purposes".

 

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