South Korean tech giant Samsung expects a rise in its profits for the three months that ended in March. The company said that its first-quarter operating profit would be 6.4 trillion Korean won (5.23 billion US dollars), up 2.7 percent compared to the same period last year. The result is likely to exceed the 6.2 trillion won estimate ($5.05 billion). Besides, the company expects its consolidated sales for this period to grow by 5 percent to 55 trillion won. So, Samsung may become the first major technology company to report revenue growth in the midst of the coronavirus pandemic. This rise in profits is mainly contributed by buoyant demand for memory chips and other components. The export of semiconductor chips allows the manufacturer not only to stay afloat in this challenging time but also to increase its revenues. According to experts, Samsung's memory chip demand will continue to spike despite a possible lower demand for consumer electronics. In conditions of mass self-isolation, the rising trend of working from home forces companies to full up their inventories in order to expand their own capabilities. Samsung’s first quarter report will be akin to a touchstone for the rest of the market, providing an early preview of how badly the COVID-19 outbreak has hit companies and their global supply chains.

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