Samsung Electronics has reported a nearly 10-fold jump in first-quarter operating profit amid the recovery of its key memory chip business.
The tech giant, the flagship subsidiary of Samsung Group, South Korea’s largest family-controlled conglomerate, said that operating profit rose to 6.61 trillion won ($4.85bn) in the first three months of the year on the back of strong sales of its flagship Galaxy S24 smartphone and higher prices for memory semiconductors.
