Samsung is benefiting from higher demand for chips from laptop makers and data centres amid the coronavirus-driven shift to working from home.
Samsung's operating profit grew by 58.03 percent and set a new record for the first-quarter of the year, while its turnover increased by 19.82 percent.
Gloom may be settling over much of the world's semiconductor industry but Samsung Electronics Co Ltd is expected to cope better than most due to its strong technological edge, enabling it to boost market share for some key products and possibly even lift revenue.
Samsung forecast a fall in second quarter profit in a sign that sales of its much anticipated Galaxy S6 smartphones failed to meet expectations.
Samsung Electronics is set to spend at least another 10 trillion won ($9.2 billion) to boost capacity at a new South Korean chip plant, a 64 percent increase over announced investment plans, domestic online news service MoneyToday reported.
Samsung expects January-March profit to be its highest in three quarters, beating expectations and suggesting that the tech giant is on track for an earnings recovery ahead of the launch of new flagship smartphones.
Samsung paid co-chief executive J.K. Shin, who oversaw the company's ascent to the top of the smartphone market, $13 million in 2014, more than double what he received in the previous year.
Samsung Electronics will freeze employee salaries this year for the first time since 2009, a spokeswoman for the South Korean company said on Thursday, without elaborating.
Three deputies to the head of Samsung mobile division are leaving, as the world's largest smartphone maker faces a rapid decline in profit.
Samsung might be facing difficulties in keeping pace with rivals but the company hasn't given up their focus to bring about innovations in the industry.
Thieves raided a Samsung electronics factory in Brazil during the night shift early Monday, subdued workers and guards, and made off with about $36 million worth of cellphones and computers.
Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 24.5 percent in April-June, its lowest in two years.
Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market.
Samsung Electronics Co Ltd posted its first decline in quarterly profit in two years, hit by one-off special bonus as well as slowing smartphone sales as it braces for a year of tougher competition with rival Apple Inc .
Shareholders have constantly fretted that Samsung's cash cow, smartphones, will become less profitable.
Samsung Electronics Co Ltd said October-December operating profit fell 18 percent to 8.3 trillion...