Samsung Electronics Corporation

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The South Korean giant said its quarterly revenue of 65.39 trillion won ($ 59 billion) was the highest in the first three months of this year.

Samsung Electronics Corporation

The company's operating profit of 9.38 trillion won ($ 8.5 billion) would have been higher had it not been for the underperforming semiconductor business, which was hit by a storm-related shutdown at the company's chip plant in Austin in February and lower prices for NAND memory chips.


Samsung said it expects its chip business to rebound during the current quarter, driven by strong demand for servers and the resumption of full operations at its Austin plant.

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