The pandemic has wreaked havoc on the world economy but seen many tech companies boom.
South Korean tech giant Samsung Electronics posted a 28-percent jump in operating profit on Thursday despite global supply chain challenges caused by the pandemic.
The world’s top chipmaker saw its operating profit reach 15.8 trillion won ($13.5 billion) for the July-September period, it said in a regulatory filing.
Its sales rose 10 percent on-year to a record 74 trillion won on the back of strong performance from its memory chip division thanks to sustained global demand.
“Favourable market conditions continued in the memory market” resulting in “robust sales”, the company said in a statement.
Operating profits generated…