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Samsung on big rebound
Samsung Electronics Co. posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.
The world’s largest maker of memory chips and smartphones posted a 15-fold surge in operating profit to 10.4 trillion won (R137.15 billion) in the June quarter, outstripping analysts’ projections.
[Bloomberg]
Samsung Electronics Co. posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.
The world’s largest maker of memory chips and smartphones posted a 15-fold surge in operating profit to 10.4 trillion won (R137.15 billion) in the June quarter, outstripping analysts’ projections.
[Bloomberg]