Research firms predict that Samsung is set to overtake Intel as the world's largest chipmaker in terms of sales this year.
Thanks to surging global demand for memory chips, Samsung is back as it reported a record quarterly profit.
After suffering a staggering $17 billion lost in sales last year due to Samsung Note 7's debacle, the South Korean tech giant reported an operating profit of 14 trillion won ($12bn; £9.3bn), 72% up compared last year.
Sales increased 18% to 60 trillion won, thanks to the strong sales of smartphones including the new flagship Galaxy 8.
Analysts say the results indicate Samsung has recovered from the disastrous Galaxy Note 7 recall and benefited from the rising demand and prices of memory chips which are major components of smartphones and computers.
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