Samsung expects it'll post a record operating profit for the first quarter of 2017, largely due to its chip business. Its consolidated operating profit for January to March is expected to reach $8.75 billion, which is much larger than the $5.9 billion reported in Q1 2016.
The high performance comes despite Samsung's political troubles in South Korea and a less-than-ideal situation in its smartphone division.
This will be Samsung's second highest quarterly operating profit in history. Although a breakdown by division hasn't been shared, Samsung is already attaching the performance to its chip division.
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