Memory shortage drives Samsung to 160% fourth-quarter profit spike

Samsung Electronics is getting ready to announce a sharp jump in profits for the last three months of the year, and it’s all thanks to a serious shortage of memory chips that’s pushed prices way up. The South Korean tech company is looking at a 160% increase in operating profit for October through December, according […] source: https://www.cryptopolitan.com/memory-shortage-drive-samsung-profit-spike/