SEOUL, South Korea (AP) — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a...
SEOUL , South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies.
Samsung said its consolidated revenues rose by about 23% to 74 trillion won . The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger results. In the second half of this year, Samsung said that AI servers are expected to take up a larger portion of the market as major cloud service providers and enterprises expand their AI investments.The EU-harmonized inflation rate was 2.6% year-on-year in July, slightly below the average expectation of 2.7% in a Reuters poll of economists, but up from 2.5% in June.
The banking giant reported largely stable pre-tax profits of 21.6 billion US dollars for the first half of 2024.Leny Yoro has been filmed on crutches wearing a protective boot on his left foot amid fears Manchester United’s new £59 million signing is facing a lengthy lay-off.
Samsung Electronics SEOUL South Korea Memory Chips
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