Samsung Electronics' operating profit and revenue beat analysts' estimates Wednesday, as chip sales rose amid worries of U.S. President Donald Trump's "reciprocal" tariffs coming into effect. The South Korean company posted a near 10% jump in first-quarter revenue from a year earlier,

The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%.

Samsung Electronics reported Wednesday a sharp increase in consolidated revenue for the first quarter thanks to strong sales of its new smartphones, but its semiconductor business suffered a setback