Samsung reports 10
Time:2024-05-21 18:19:42 Source:entertainmentViews(143)
SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.
The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year.
Revenue rose by nearly 13% to 71.9 trillion won ($52 billion), driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 smartphones, the company said.
The company earned 1.91 trillion won ($1.38 billion) in operating profit from its semiconductor business, marking the division’s first quarterly profit since the fourth quarter of 2022, as the chip market continues to recover from a cyclical slump deepened by the COVID-19 pandemic and global trade tensions.
Previous:'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Next:Who is Jacob Zuma, the former South African president disqualified from next week's election?
You may also like
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
- NPR suspends whistleblower who exposed taxpayer
- Cops charge 'ringleader' of brutal illegal dog
- Wild moment elephant marauds through small town in Montana after breaking loose from circus
- The government wants to buy their flood
- Cowboys add veteran Royce Freeman, but running back remains a position of need in the draft
- Rose Byrne looks unrecognisable with a bleached blonde beehive wig on set of latest movie Tow
- Orioles homer 3 more times in an 11
- Mohammad Mokhber: Who is Iran’s acting president?