Samsung's Q2 operating profit jumped 1,458% to $7.52bn due to strong AI demand driving up chip prices.
Samsung's Q2 operating profit surged 1,458% to $7.52bn as strong AI demand boosted chip prices. The South Korean tech giant expects AI servers to take up a larger portion of the memory market in the second half of the year, as major cloud service providers and enterprises increase their AI investments. This marks Samsung's highest operating profit since Q3 2022, driven by its chip division.
July 31, 2024
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