Key Points
SEOUL (Reuters) Samsung Electronics is expected to post a near nine-fold increase in first-quarter profit from a year earlier as rebounding semiconductor prices lift earnings from a low base caused by a severe chip downturn...
Operating profit for the worlds biggest maker of memory chips and TVs likely rose to 5.7 trillion won ($4.24 billion) in the quarter ended March 31, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate...
If so, it would be Samsungs highest profit since the third quarter of 2022..
This is because its chip division, traditionally its biggest earner, is expected to report its first quarterly profit in five quarters of about 750 billion won, according to an average estimate from 12 analysts...
During the first quarter, memory chip prices jumped by about 20% versus the previous quarter for DRAM chips used in tech devices and 23% to 28% for NAND Flash chips used for data storage, according to data provider TrendForce...
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