Samsung says component supply issues to affect chip demand, profit hits 3-year high

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SEOUL :Samsung Electronics Co Ltd said on Thursday it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years.The warning comes as producers of goods from televisions to cars have faced a host of supply chain iss

SEOUL :Samsung Electronics Co Ltd said on Thursday it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years.

The world's top maker of memory chips and smartphones posted a 28per cent jump in operating profit in the July-September quarter to 15.8 trillion won on the back of an 82per cent on-year profit surge in its chip business, where earnings rose to 10.1 trillion won . Although supply chain issues could limit demand from some mobile chip customers in the fourth quarter, demand for server and personal computer chips is expected to be robust in 2022 despite uncertainties, it said.

Operating profit at Samsung's mobile division slid about 24per cent on-year to 3.36 trillion won on the third quarter, as sales of Samsung's new foldable smartphones were tempered by marketing costs.

 

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