Samsung Announces 53% Q2 Profit And Aims At TSMC
Despite low smartphone sales, Samsung Electronics Co Ltd (KRX:005930) expects a 53% increase in Q2 operating profit, surpassing market estimates. Should predictions be fulfilled by the end of July, it would be its biggest second-quarter profit since 2018. [soros] Q2 2021 hedge fund letters, conferences and more Samsung wants to become the world’s largest chip manufacturerThe outcome anticipated by the Korean giant is up 33% from its Q1 results and is rooted in consumers’ and data centers’ sky-high demand for chips that has drained supply chain capacity during the pandemic. According to Reuters...