Samsung Electronics announced record operating profit of $62 billion for the April-June quarter, boosted by global demand for AI chips. The South Korean technology giant has benefited significantly from the artificial intelligence boom.
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South Korean technology giant Samsung Electronics has reported a record operating profit of $62 billion for the April-June quarter.
Samsung reports record profit as South Korean chip giants benefit from global AI boom AP News
Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level. However, the company warned that memory chip shortages could worsen next year as AI infrastructure expands rapidly.