Samsung reports 10-fold increase in profit as AI drives rebound in memory chip markets
naharnet - 4/30/2024 6:55:05 PM - GMT (+2 )
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naharnet - 4/30/2024 6:55:05 PM - GMT (+2 )
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.
The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year.
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