Samsung’s revenue hits another record high as demand for chips increases

Samsung’s revenue hits another record high as demand for chips increases


Photo by Dan Seifert / The Verge

In 2020, Samsung weathered the pandemic by posting a record high for revenue in the third quarter of 66.96 trillion won. The company just revealed that it set another record for the same period in 2021, reaching 73.98 trillion won, or about $63 billion. While its revenue was up about 10 percent, Samsung says its profits grew by 26 percent from last year to hit 15.82 trillion won ($13 billion).

Despite a shortage of key chips worldwide, the memory chips and processors Samsung makes that go into everything from servers to mobile phones are in as much demand as ever. Shifts to hybrid work mean have companies buying more SSDs, CPUs, and RAM for servers

As the world’s…

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