Samsung Electronics has posted 9.9 trillion won in operating profits for the first quarter of 2017 - a rise of 48.3 percent from last year, the company said. It is the firm's second-highest profit ever on record, and was largely achieved by its chip business, which contributed nearly two-thirds, or 6.32 trillion won. Samsung's high-density chips allowed for higher average sale prices, despite a slower demand due to seasonality. The South Korean tech giant is a leader in DRAM and NAND, both in market share and commercial technology levels, and soaked up a demand for datacenters, enterprise SSDs, and flagship smartphones.
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