True
Samsung Electronics recorded its largest-ever quarterly operating profit at KRW 107 trillion, with the semiconductor division alone generating KRW 106 trillion, according to reporting by Newsis and News1.
The figures show that the semiconductor business was the overwhelming driver of the company's earnings performance. Of the KRW 107 trillion in quarterly operating profit, KRW 106 trillion came from semiconductors, leaving only a marginal contribution from the remainder of Samsung Electronics' business portfolio.
Korean wire service Newsis and News1 carried the figures, which mark the highest quarterly operating profit ever recorded by the company.
The KRW 107 trillion quarterly operating profit represents a record high for Samsung Electronics. With the semiconductor segment responsible for KRW 106 trillion of that total, the chip business accounted for nearly the entirety of the company's profit in the quarter.
The concentration of earnings in semiconductors underscores the division's dominance within the company's overall performance for the period.
Samsung Electronics' latest quarterly operating profit of KRW 107 trillion — with KRW 106 trillion attributable to semiconductors — is accurate. Verdict: True