Thanks to the robust demand for memory chips for servers and computers in the corona pandemic, Samsung expects a significant increase in operating profit also for the last quarter 2020. The profit from the core businesses is expected to rise by percent to 9 trillion won (about 6.7 billion euros) in the fourth quarter, the South Korean company said Friday with.

Further solid growth expected That would be a Decline of 27 percent compared to the previous quarter, when especially urgent orders from the Chinese telecommunications supplier Huawei for chip deliveries had brought the South Koreans an increase. Huawei is subject to US sanctions.

In terms of sales, Samsung expects an increase of 1.9 percent for the past quarter 61 Trillion Won. As usual, the group will only present more precise business figures at a later date. Samsung is the market leader in memory chips, smartphones and televisions.

Last year, Samsung mainly benefited from the increase in Internet traffic as a result of the pandemic. As a result, the demand for memory chips for servers and PCs has increased significantly since the beginning of the crisis, as more people work from home. The company makes the most money by far from memory chips. Looking ahead to this year, Samsung had forecast solid growth in “mobile demand”, which is likely to further boost chip demand in particular.

(mho )