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

By Joyce Lee and Heekyong Yang
17:12 JST,
July 5, 2024
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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