The global electronic manufacturing behemoth Samsung is expected to report an increase in operating profits of more than 15% in the second quarter, a report on Tuesday said. The profit got a boost from strong numbers from the company’s semiconductor business despite the slowdown in demand for mobile phones and home appliances.

According to the forecast, Samsung Electronics will earn 14.5 trillion won, or $11.1 billion, in the April to June quarter. The company’s second-quarter sales are estimated to increase by 20.6% to 76.8 trillion won, while its net income is likely to jump 19.8% to 11.5 trillion won, according to the survey by Yonhap Infomax, a financial data firm for the Yonhap news agency.