Samsung SDI posts first profit in seven quarters

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

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

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

SK hynix posted record quarterly operating profit for a fifth straight quarter as first-half revenue surpassed 100 trillion won ($67.77 billion).