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Samsung expected to see sharp increase in operating profits in second quarter
Samsung Electronics, the South Korean electronics giant, achieved record-breaking operating profits in the second quarter of the year, reaching approximately 90 trillion won ($58.8 billion), driven by strong demand for AI-related semiconductors. Quarterly profits surged by 129.3% compared to the same period last year, with revenues amounting to 171 trillion won. This performance reflects the ongoing growth of global investments in artificial intelligence and rising chip prices.
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