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Topic: [2018-04-26] Samsung Reports Q1 Profit Record due to Mining Chips (Read 112 times)

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Samsung Electronics has reported 58% year-on-year growth in its operating profits for Q1 2018 - an increase driven in part by strong demand for cryptocurrency mining chips.

Robert M. Yi, executive vice president of investor relations of Samsung, said on Thursday that the profitability increase seen in the firm’s semiconductor business played a significant role in setting a new quarterly operating profit record of 15.6 trillion Korean won ($14 billion).

Read more: https://hype.codes/samsung-reports-q1-profit-record-due-mining-chips
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