Samsung posts record profit as AI memory demand reshapes chip market

AI Summary Samsung Electronics divulged on Thursday (July 30) that it earned KRW 89.5 trillion in operating profit in the second quarter, boosted mainly by memory chips used in AI data centers. Its consolidated revenue increased significantly to KRW 171.5 trillion, an increase of 28% on the previous quarter, per the company’s earnings report. The timing is... fulltext: 356 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.cryptopolitan.com/samsung-posts-record-profit-as-ai-memory-demand-reshapes-chip-market/ Source: CryptoPolitan