SEOUL — Samsung Electronics said on Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter (Q2), as chip prices bounce back and demand for generative AI (artificial intelligence) continues to grow.
The world’s largest memory chipmaker posted an “operating profit of KRW (South Korean won) 10.44 trillion ($7.5 billion) as favorable memory market conditions drove higher average sales price” for the April to June period, it said in a statement.
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