Samsung reports chip profits after a year of losses, as AI boom drives fourfold surge in overall income
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
