Samsung's Chip Sales Hit New High

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SAN FRANCISCO , Oct. 31, 2017 – South Korea's Samsung Electronics nearly tripled its third-quarter profit, largely on the strength of $17.8 billion in chip sales, a company record for any quarter.

Growth in semiconductor profit offset profit sequential declines in Samsung's mobile handset and display businesses.

The semiconductor business accounted for $8.9 billion of Samsung's $12.9 billion in profit, as sales of memory chips enjoyed widespread strength across all applications, especially high-performance memory chipsets for servers.

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