article_snippet.sent: A rising demand for memory chips is said to be helping offset a slump in the firm's smartphone sales.
article_snippet.sent: During a call on Tuesday, Taiwan Semiconductor Manufacturing (TSMC) estimated an operating profit of 5.9 trillion won ($5.4 billion/£3.6 million) between January and March.
article_snippet.sent: This beat analyst expectations and was up 11.5 per cent from the previous quarter.
article_snippet.sent: But by handing the monopoly to TSMC, this forecast directly affected Samsung's business.
article_snippet.sent: Earlier today, Samsung announced better-than-expected profits for the first quarter of 2015 thanks to a rising demand for memory chips.
article_snippet.sent: Earlier today Samsung announced better-than-expected profits for the first quarter of 2015.
article_snippet.sent: A rising demand for memory chips is said to be helping offset a slump in the firm's smartphone sales, but profits are predicted to be 30.5 per cent down compared to this time last year.
article_snippet.sent: Samsung is counting on Samsung new flagship the new Galaxy S6 and S6 edge phones to help revive earnings momentum after a disappointing 2014.
article_snippet.sent: Strong sales of system chips such as Samsung Exynos processor could also help boost earnings, analysts and investors say.