Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Samsung Electronics News

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
Computer MemorySEOULSouth Korea
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SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial ...

SEOUL , South KoreaSamsung 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.

“In the second half of 2024, business conditions are expected to remain positive with demand — mainly around generative AI — holding strong, despite continued volatility relating to macroeconomic trends and geopolitical issues,” Samsung said in a statement. Ethan Hawke Lost the Oscar for ‘Training Day’ and Denzel Washington Whispered in His Ear That Losing Was Better: ‘You Don’t Want an Award to Improve Your Status’

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