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Samsung's profits may rise 18-fold with AI
Samsung Electronics expects to report a nearly 18-fold increase in its operating profits for the second quarter, driven by heightened demand for AI-related memory chips. Profits are estimated to reach approximately $56.35 billion, amid ongoing chip shortages and the expanding applications of artificial intelligence, which are fueling higher prices for DRAM and NAND chips. The company also faces potential challenges from rising bonus costs and the expansion plans of competing firms in the chip market.
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