Samsung Electronics reported its highest quarterly profits in three years and said the global chip crunch would continue into next year, but the results failed to allay concerns about its long-term strategy.
The world’s biggest maker of computer chips, smartphones and electronic displays has benefited from surging demand during the Covid-19 pandemic, but chip prices have come under pressure as workers have begun to return to the office and economies reopen.
Samsung’s net profit jumped 31 per cent to Won12.3tn ($10.4bn) in the July-September quarter as sales increased 10 per cent to a record Won74tn.
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