Samsung Electronics Chip Manufacturing profits will soar in the first quarter of 2022

The latest survey predicts that Samsung, one of the world's largest chipmakers, will make huge profits in the first quarter of 2022.

Samsung's profits will soar despite rising raw material prices and persistent global supply shortages, according to a survey by Yonhap news agency Infomax (through the Korea Herald).

Notably, Samsung is expected to make an operating profit of about 13.89 trillion won ($11.3 billion) in the first quarter of 2022, which ends March 31.

This is an increase of 38.64 per cent over a year ago, a significant figure given the supply shortages and the ongoing war between Russia and Ukraine. Sales of Samsung Electronics in the first quarter are expected to be 75.2 trillion won, an increase of 15.02% over the previous year.

Samsung has said that the war between Russia and Ukraine will not have a direct impact on its chip production, thanks to the diversified sources and large inventory of key materials it already has.