Samsung rakes in nearly $5 billion profit from companies hoarding memory chips like Smaug ahead of Trump’s tumultuous tariffs
As major US tariffs are starting to disrupt manufacturers, Samsung managed to get a small boon as customers bought its memory and phones for fear of tariffs bringing prices up. According to a report by Reuters, Samsung made an estimated operating profit of 6.6 trillion won ($4.47 billion) for the January to March period this…