Component shortages to affect some chip demand in current quarter: Samsung

SEOUL (Reuters) -Samsung Electronics Co Ltd said on Thursday it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years.

“A longer-than-expected component supply issue may need to be monitored due to potential impacts” on the manufacturing of devices that use memory chips, the company said in a statement, although it added there was “strong fundamental demand for servers from increased investments from technology companies.”

The world’s top maker of memory chips posted a 28% jump in operating profit in the July-September quarter to 15.8 trillion won ($13.48 billion) on the back of an 82% on-year profit surge in its chip business, where earnings rose to 10.1 trillion won ($8.62 billion).