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

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

CompaniesResults at world's biggest memory chip maker come as AI boom concerns riseSamsung's quarterly figures come in at a time when chipmakers' share prices have tumbled from recent highs amid concerns over growing competition from China and the possibility that the AI boom has peaked. © ReutersSTEVEN BOROWIECJuly 30

FILE PHOTO: A Samsung Electronics logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo 30 Jul 2026 08:03AM SEOUL, July 30 : Samsung Electronics said on Thursday its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weake

Samsung Electronics extended its record run with second-quarter operating profit topping analysts' estimates.

Samsung Electronics posted a record 89.5 trillion won ($61.9 billion) in operating profit for the second quarter, as the AI-driven memory boom lifted both profit and revenue to all-time highs. The tech giant said Thursday its April-June revenue reached 171.5 trillion won, up 28 percent from the previous quarter, while