Samsung Electronics Q3 net profit leaps after Huawei boost

Seoul (AFP) Oct 29, 2020

Samsung Electronics' net profit jumped by almost half in the third quarter, it reported Thursday, as the South Korean giant's mobile and chip businesses were boosted by US sanctions against its Chinese rival Huawei. The world's biggest memory chip maker said profits in the July-to-September period were up 48.8 percent year-on-year to 9.36 trillion won ($8.3 billion), beating expectations acc