Samsung reports record 780% AI-driven quarterly profit spike

Jamaica Observer ·
Technology AI South Korea
Jamaica

SEOUL, South Korea (AFP) — South Korean technology giant Samsung Electronics on Thursday posted a more than 780 per cent leap in third-quarter operating profit from a year earlier, buoyed by booming demand for AI semiconductors. The company is the world's largest maker of memory chips -- components now in huge demand as advanced types are snapped up for use in data centres powering artificial…

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