Samsung Electronics achieved record-high Q2 2021 business results. Operating profit is the highest in 11 quarters.

Samsung Electronics provisionally disclosed its Q2 2021 business results on the 7th. On a consolidated basis, revenue recorded 63 trillion won, an increase of 18.9% compared to the previous year, and operating profit recorded 13 trillion won, representing a 53.4% increase compared to the previous year.

Revenue marks the highest on record for Q2, and operating profit is the highest in 11 years since Q3 2018.

These results are believed to have been driven by the semiconductor division.

This is because shipments of PC DRAM and server DRAM increased due to untact demand.

In Q3, memory prices are expected to continue rising, and with increased data center investment in North America, memory demand is expected to increase, leading to anticipated improvements in results.