Samsung delivers record quarter on the back of chip demand

Samsung Electronics published its financial results of Q3 with highest ever revenue and second highest profit, driven by sustained high market demand for semiconductors.
Samsung’s total revenue on corporate level grew by 10% year-on-year to reach a record high of KRW 73.98 trillion ($63 billion, $1 = KRW1,171.4). The 42% gross margin is slightly higher than last quarter and an improvement of 1.7 percentage point y-o-y. Operating profit reached KRW 15.82 trillion, the highest in three years