Samsung Electronics’ Q2 Profit Likely Rose 11 Percent on Solid Server Chip Demand
Samsung Electronics reported a smaller-than-expected rise in quarterly operating earnings on Thursday as lower sales to inflation-hit smartphone makers dragged on profits from server customers loading up on memory chips.The world's largest memory-chip and smartphone maker estimated its profit rose 11 percent from a year earlier to KRW 14 trillion (nearly Rs. 84,600 crore) in the three months ended June 30 — its highest second-quarter profit since 2018 — from KRW 12.57 trillion (roughly 76,000 crore) a year earlier.The…