Samsung's Quarterly Profit up 1,814% on Last Year, Cites Ongoing Demand for Memory
9 Articles
9 Articles
Chip boom's dirty secret hiding in Samsung's record earnings
Samsung just posted an operating profit of 89.5 trillion won, roughly US$62 billion, for the second quarter. That’s a jump of 1,814% from a year earlier. Revenue climbed 130% to 171.5 trillion won, a company record. And Samsung’s shares fell anyway. SK Hynix, the other pillar of South Korea’s chip industry, reported a record profit […] The post Chip boom’s dirty secret hiding in Samsung’s record earnings appeared first on Asia Times.
There are few suppliers of artificial intelligence chips, but companies with data centers need a lot of chips, and they are in fierce competition with each other. This is to the advantage of manufacturers: Samsung's microchip division earned 54.5 billion euros in the second quarter of this year, which is 255 times more than last year - it earned 213 million euros last year. Artificial intelligence companies want to ensure that they will have the…
Samsung’s profit soars 1,800% amid AI boom – CEO NA Magazine
South Korean tech giant Samsung Electronics reported a massive 19-fold increase in second-quarter operating profit Thursday, driven by intense demand for memory chips used in AI data centers. In a press release, Samsung attributed the achievement to “technology leadership and swift response to market changes”. The company reported an operating profit of 89.5 trillion won for the quarter ending June 30, representing an 1,814% increase year over y…
Devices such as Galaxy smartphones, TVs and refrigerators are disappearing more and more in Samsung's sink.
The quarterly figures show losses on smartphones for the first time - but the profits come in another area.
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