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The profits of AMD and Samsung in the I quarter of 2018 rose again due to the demand for mining equipment

Manufacturers of electronic devices continue to beat records on the results of revenues for the first quarter of this year.

27.Apr.18 11:35 PM
By John M Jeffcoat


The profits of AMD and Samsung in the I quarter of 2018 rose again due to the demand for mining equipment
The news portal reports that the demand for the mining equipment amounted to 10 percent of the profit of this from the world's leading manufacturers of AMD graphics processors.

General Director of Samsung Electronics - Lisa Su is optimistic about the future and declares that the company has dangerous developments based on blocking technologies. She talks about the massive demand for the GPU, both for commerce and for home use, for example for video games. This is explained by the vast assortment of crypto-currencies and the growing interest in them.

Samsung Electronics Corporation also reports a 58% increase in operating profit only in the first months of this year. According to Samsung Electronics analysts, this is due to the increased demand for mining chips. This is reported by the head of the department for investor relations Robert M. Y. (Robert M. Yi), he says that the chief merit in the growth of the company's profits belongs to the department for the production of semiconductors. With their contribution to total revenue, a new record for operating profits for the first quarter was broken, it is 15.6 trillion Korean won, equivalent to $ 14 billion in dollar terms.

Samsung Electronics and AMD are not the only corporations that have benefited from sales of mining equipment. Recently, TSMC, the most significant independent producer of semiconductors, announced a record increase in its profits from sales of microchips.

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