Samsung on a roll as data demand for memory chips soars
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July 7, 2017
SEOUL, South Korea (AP) — Samsung Electronics is on a roll thanks to booming sales of memory chips required by the increasingly data-based economy.
The company, the world's largest supplier of memory chips, said Friday that its operating profit soared 72 percent in the April-June quarter over a year earlier to a record high.
Samsung has the most advanced memory chip production technology.
Robust semiconductor sales amid a massive expansion of data use yielded a record profit in the last quarter even as smartphone market growth slowed, analysts said. The results beat expectations, putting Samsu...
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