Samsung reports billions in record profit for Q2 thanks to AI boom

South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also reported record earnings, as the world’s two largest memory chipmakers continue to ride the global artificial intellige

Samsung’s chipmaking division posted a 250-fold increase in quarterly operating profit, while Meta announced an $8 billion hit to the company’s free cash flow.

South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also reported record earnings, as the world’s two largest memory chipmakers continue to ride the global artificial intellige

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.

Samsung SDI reported an operating profit for the second quarter, its first in seven quarters, and the figure far exceeded market expectations. Operating profit was 203.8 billion won ($141.6 million), the company said Thursday. Analysts polled by Yonhap Infomax had projected an operating loss of 14.8 billion won. A year

Samsung reports record profit as South Korean chip giants benefit from global AI boom  AP News

Samsung Electronics achieved its highest-ever quarterly operating profit, fueled by strong AI chip demand. Rival SK Hynix also reported record revenue, reflecting industry strength. However, investor sentiment declined due to expansion plans and Chinese competition. Both companies are investing heavily in new chipma

South Korean technology giant Samsung Electronics has reported a record operating profit of $62 billion for the April-June quarter

South Korean technology giant Samsung Electronics has reported a record operating profit of $62 billion for the April-June quarter

SEOUL: South Korean technology giant Samsung Electronics posted on Thursday (Jul 30) a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.The world's largest memory chipmaker posted April-June operating profit of 89.49 trillion won (US$62 b