Samsung forecasts best quarterly profit in over 3 yrs as chips soar
Samsung scrapped its flagship smartphones past year after they overheated and caught fire, leaving billions of dollars in financial damages and hurting its reputation.
LG is the world's second largest television maker behind Samsung and it said that its operating profit between January and March was likely 922 billion won ($812.62 million), compared with an average forecast of 518 billion won.
SK hynix's operating profit is forecast to surge to 2.2 trillion won, up from 0.56 trillion won a year earlier.
Samsung also predicted consolidated sales of about 50 trillion won for the first quarter, according to the company's Friday guidance.
He's set to make his first court appearance on Friday.
Lee Jae-yong, 48, a vice chairman at Samsung Electronics and the only son of its chairman, was arrested and indicted in February on bribery, embezzlement and three other charges that could entail at least five years in prison if he is proven guilty.
The 48-year-old Lee has denied allegations from prosecutors that he bribed former president Park Geun-hye's friend to secure government backing for a 2015 merger that helped him tighten his control over Samsung.
Lee, who was arrested in February, has been charged with offering almost $40 million to the now-impeached president and her close friend Choi Soon-Sil, allegedly as bribes to secure policy favours.
The world's largest smartphone maker has survived a global slowdown in handset sales - and its costly recall past year of Galaxy Note 7 devices - by profiting from its strong positions in memory chips and flexible displays.
Growing demand for more firepower from devices such as smartphones and servers have also helped push up margins for Samsung and its rivals in recent quarters. It is scheduled to give more details including quarterly net profit later in the month.
Samsung's latest flagship phone, the Galaxy S8, didn't debut until after the end of the quarter and isn't reflected in the figures.
"The semiconductor market will continue to expand until 2018-2019 due to the increasing demands and stagnating supply", said Kim Kyung-min, an analyst at Daishin Securities. Last week, it presented and began taking preorders for its Galaxy S8, its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.
Trump's children have begun learning Mandarin, among whom, 5-year-old Arabella Kushner has become a fan-favorite in China. Chinese President Xi Jinping was able to take in views Friday night of the natural beauty that Alaska has to offer.
Trump quipped that he had "gotten nothing" in the first round talks with Xi, with more meetings scheduled on Friday (local time). US First Lady Melania Trump wore a red dress; while the Chinese first lady was dressed in a bluish, pattern dress.
The Miami Herald reports that almost 100 people were eating at Yard House's outdoor patio when the shooting began. Witnesses report hearing five shots and say Wilson opened fire on a man standing behind the counter at the gym.
Karns allowed four runs, two hits and two walks in a relief appearance in a 9-1 loss to Minnesota on Wednesday. Keuchel followed with a two-base throwing error that allowed Paulo Orlando to reach second with no outs.
The USGS said the tremor struck 3:08 p.m. and 3:09 p.m. with an epicenter 13 km northeast of Mindoro province. In Manila , AFP reporters saw people running out of office buildings in the financial district.
The ministry posted the purported audio recording for Russian embassies on its Facebook page Saturday . Moscow has been emphatic in its denials of allegations that it interfered the U.S. election process.
In fact, there's little that airlines are required to do in cases of delays caused by weather or even air traffic control issues. There are few things that can make flight delays more bearable, but free pizza is definitely one of them.
Mane ruled out for rest of season - Klopp
The Senegal worldwide was injured during last weekend's 3-1 win over Everton when he collided with Leighton Baines. I am not 100 per cent sure when it will happen. "That is what I half-expected when I saw him after the game".
Is Mitt Romney gearing up for a Senate run?
Dems ask Treasury chief for cyber briefing GOP senator: Next Supreme Court fight will be "armageddon" MORE (R-Utah). McConnell told reporters at a Capitol Hill news conference, "I've had some conversations with Mitt Romney ".
Canada supports USA missile strike in Syria: PM
Calling the strike a "flagrant aggression", the Syrian Army said it had killed six people and caused extensive damage to the base. Syrian state TV reported the attack on a number of military targets and called the attack an "aggression".