Samsung says its net profit rose 7.3% from the same quarter a year ago, carried by memory-chip demand and a one-time payment to its display business
SEOUL—Samsung Electronics Co. reported a boost in its second-quarter net profits Thursday, aided by a one-time gain in its display business and the continuing coronavirus-fueled bump in memory chip demand.
But the world’s largest smartphone and memory-chip maker is likely to face challenges, as the realities of the Covid-19 pandemic settle in. Large cloud computing companies that stockpiled chips so far may dial down their buying, while smartphone demand recovery may be slow in the near future.
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