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Samsung Surges Most Since 2009 as Profit Beats Estimates

  • Weaker Korean won boosting chip sales settled in U.S. dollars
  • Chips have overtaken mobiles as biggest source of profit
An attendee tries a video game on a Samsung Electronics Co. Galaxy Gear Virtual-Reality headset at the Tokyo Game Show 2015 at Makuhari Messe in Chiba, Japan.

An attendee tries a video game on a Samsung Electronics Co. Galaxy Gear Virtual-Reality headset at the Tokyo Game Show 2015 at Makuhari Messe in Chiba, Japan.

Photographer: Tomohiro Ohsumi/Bloomberg
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Investors have punished Samsung Electronics Co. this year for its struggles against Apple Inc. and Chinese makers. They just gave it a $13 billion vote of confidence.

Shares surged the most in more than six years as a revamped smartphone lineup and a renewed focus on components gains traction. Earnings jumped 80 percent in the September quarter, beating estimates and snapping a streak of seven consecutive declines.