Samsung’s stellar results come despite its struggles to narrow the gap with local rival SK Hynix in high-bandwidth memory (HBM) used in advanced artificial intelligence applications.
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KIM JAEWON, Nikkei staff writer |
SEOUL — Samsung Electronics’ operating profit increased more than 15 times in the second quarter from a year earlier thanks to a strong recovery in the memory chip industry after a lengthy slump.
The world’s biggest memory chipmaker announced on Friday that its operating profit reached 10.4 trillion won ($7.5 billion) for the three months through June, up 1,452.2% year-on-year. Its revenue soared 23.3% to 74 trillion won during the same period.
