Samsung’s chip demand is “soaring”, making a record profit of US$109million a day.

The Korean electronics giant has made a US$10billion profit in the last three months , because of the relaunch of its Galaxy smartphones.

Net profits soared 148%, the same as last year, “thanks to strong demand for its memory chips and a recovery in smartphone sales with the roll-out of the new generation Galaxy Note 8”, according to The Guardian.

According to The Guardian, Samsung said: “The technological advancement of mobile devices with dual camera, 3D sensors and on-device AI will spur DRAM (dynamic random access memory) growth.”

“Tuesday’s numbers are an overall robust performance”.

Written by Leah Alger