Samsung expects its profits to jump by 52% amid global chip shortage

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BANG Showbiz English

Samsung is expecting its profits to surge by up to 52% amid the global chip shortage. The tech giant – which manufactures an array of televisions, phones and home appliances as the the largest memory chip and smartphone make in the world- estimated that it made 13.8tn won ($11.5bn; £8.5bn) in the period, which saw would make it the highest fourth quarter operating profit since 2017, although the result missed a Refinitiv SmartEstimate of 15.2 trillion won, which analysts attributed to items such as employees’ bonuses. technology analyst Sam Reynolds told the BBC: “Samsung is well placed to pro…

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