Sales of Memory Chips Boost Sales and Profits of Samsung

South Korean electronics giant Samsung has had a strong second quarter in which sales and profits increased. The company benefited in particular from strong memory chip sales, offsetting the decline in smartphone sales over the period.


The largest memory chip maker in the world reported based on preliminary figures that sales in the months April to June increased by 21 percent to 77 trillion won compared to the second quarter of last year.

Turnover is therefore slightly lower than the 77.8 trillion won in the first quarter. Chips are used in a variety of devices and goods. In addition to smartphones, they are also put in cars, for example.

Samsung, which is also the largest smartphone maker in the world, also predicts that quarterly profits are up more than 11 percent to about 14 trillion won compared to the same quarter last year, despite ongoing problems in the supply chain.

The company did not provide further details. On July 28, the group will announce the full quarterly figures.

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