Reported 3 months ago
Samsung Electronics announced a staggering 15-fold increase in its second-quarter operating profit, reaching 10.4 trillion won ($7.52 billion), attributed to rising chip prices and strong demand for AI-driven technologies. This marks the company's highest profit since Q3 2022, as its chip division thrived on robust sales of high-end DRAM and AI-related components. As major cloud providers invest heavily in AI, Samsung anticipates continued growth in this sector.
Source: YAHOO