Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
The company earned 1.91 trillion won (USD 1.38 billion) in operating profit from its semiconductor business, marking the division's first quarterly profit since the fourth quarter of 2022, as the chip market continues to recover from a cyclical slump deepened by the COVID-19 pandemic and global trade tensions.
Samsung will continue to focus on boosting the sales of its flagship device, Galaxy S24. Image: Pixabay