Seoul, Oct 29 (AFP/APP):Samsung Electronics’ net profit jumped by almost half in the third quarter, it reported Thursday, as the South Korean giant’s mobile and chip businesses were boosted by US sanctions against its Chinese rival Huawei. The world’s biggest memory chip maker said profits in the July-to-September period were up 48.8 percent year-on-year to 9.36 trillion won ($8.3 billion), beating expectations according to Bloomberg News. The firm is the flagship subsidiary of the giant Samsung Group, by far the biggest of the family-controlled conglomerates that dominate business in the world’s 12th largest economy, and it is crucial to South … Continue reading Samsung Electronics Q3 net profit leaps after Huawei boost