China significantly increased the import of South Korean chips in the first half of 2024, according to data from Samsung Electronics and SK Hynix, the two memory chip giants. Samsung reported an 82 per cent rise in revenue from China year on year to 32.35 trillion won (US$24.1 billion) in the first six months of … Read more
Samsung Electronics reported its fastest pace of net income growth since 2010 after the artificial intelligence boom lifted earnings at its semiconductor division. The world’s largest maker of memory and smartphones posted a six-fold surge in net income to 9.64 trillion won (US$6.96 billion) in the June quarter, versus the average analysts’ projection for 7.97 … Read more
Samsung Electronics topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft and Alphabet led a surge in spending on artificial intelligence (AI) services. The world’s largest memory chip maker reported net income of 6.62 trillion won (US$4.8 billion) in the March quarter, versus the average analyst projection for 5.63 … Read more
