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17:56Line, Kakao eye Asia’s No. 1 blockchain network
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16:26Samsung chip business back on track, logs W1.9tr operating profit in Q1
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16:16Marking 10 years, KB accelerator nurtures 255 startups
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16:06Seoul shares up for 3rd day on Samsung, batteries
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15:58[Photo News] Samsung Olympic Experience Zone
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15:57Naver, Intel, KAIST join forces to set up AI lab in Korea
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15:46Namhae to extend beer festival period
Industry
Samsung chip business recovers, logs W1.9tr Q1 operating profit
After logging losses for five consecutive quarters, Samsung Electronics' chip business returned to the black in the first quarter this year, thanks to rising demand for high-end chips and a surge in chip prices. In its earnings report for the January-March period on Tuesday, Samsung said its chip division reported 23.1 trillion won ($16.7 billion) in sales and 1.91 trillion won in operating profits. The profit comes after the company suffered operating losses for five consecutive quarters. In 20