Mmastodon TechnologySemiconductors first seen 1 d ago, last 23 h ago, peak #4
Samsung posts record chip-driven profit amid global memory shortage
Original: The global memory chip crunch has given Samsung a record $80-billion quarterly profit, the highest ever for a tech compa
Samsung has reported its highest-ever quarterly profit, which TechCentral puts at $80 billion, driven by the worldwide crunch in memory chip supplies. The shortage has pushed up prices for memory products, lifting the company's semiconductor business to record earnings and making this the largest quarterly profit ever recorded by a technology company, according to the report.
Why now: The global memory chip shortage is inflating semiconductor prices, and Samsung's record earnings highlight how dramatically the supply crunch is reshaping tech industry profits.
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