Samsung Flags Better-than-Expected Rise in Second-Quarter Profit as Chip Prices Jump

2024-07-04T222037Z_755024241_RC22I5AZENHB_RTRMADP_3_SAMSUNG-ELEC-RESULTS
SEOUL, July 5 (Reuters) – Samsung Electronics 005930.KS estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a low base a year ago.

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