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Profit rebound for Samsung's memory division
Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services.
The world’s largest memory chipmaker reported net income of 6.62 trillion won (R90 billion) in the March quarter, versus the average analyst projection for 5.63 trillion won (R76 billion).
Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services.
The world’s largest memory chipmaker reported net income of 6.62 trillion won (R90 billion) in the March quarter, versus the average analyst projection for 5.63 trillion won (R76 billion).