BBC News·3 min read·medium
AI chip boom lifts Samsung profits by 1,800%
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✦AI Summary
Samsung Electronics expects a 19-fold increase in quarterly profits, largely driven by the global surge in demand for AI-related memory chips. This performance aligns with a broader industry boom that has significantly boosted the value of major semiconductor manufacturers.
Image source, Bloomberg via Getty Images Image caption, Samsung is also one of the world's leading smartphone makers
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