Reported about 7 hours ago
Samsung Electronics' semiconductor division reported an unexpected 80% profit surge, attributed to increasing global demands for memory driven by artificial intelligence. As the company accelerates production of next-gen high-bandwidth memory, its operating profit reached 7 trillion won for the September quarter, surpassing analyst expectations. With planned capital spending of $33 billion for expansion, Samsung aims to reclaim its competitive edge in the memory market amid rising prices and demand.
Source: YAHOO