Samsung Likely to Report 15 Percent YoY Rise in Server Chip Profits, Analysts Say

Samsung Electronics is estimated to report a 15 percent year-on-year rise in profits in the last quarter, thanks to demand for its memory chips from server customers. An average of seven estimates shows that the operating profit for the world’s largest smartphone manufacturer may have jumped to KRW 14.46 trillion (roughly Rs. 88,000 crore) in the quarter. Samsung’…