Samsung Electronics Co., Ltd. (SMSN.L)
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- Yahoo Finance UK
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- AFP
Samsung says Q1 operating profits soar nearly tenfold on-year
Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.- Focus on AI - South Korean chipmakers, led by Samsung, enjoyed record profits in recent years as prices for their products s
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