Chip growth leads Samsung to another record profit

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Posted: Friday, October 25, 2013 12:00 am

SEOUL, South Korea (AP) - Samsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business and strong shipments of cheaper handsets offset flat sales of high-end smartphones.

The South Korean company, which is the world's largest maker of smartphones, memory chips and televisions, said Friday its July-September net profit rose 25 percent over a year earlier to 8 trillion won ($7.5 billion).

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