Samsung profits surge with AI chips
Samsung Electronics announced that its operating profit experienced a record-breaking increase of 19-fold in the second quarter of 2026, reaching 89.4 trillion won (approximately $61.91 billion). Revenue also surged by 130% to reach 171.5 trillion won, primarily driven by strong demand for AI chips, despite a decline in mobile phone profits. These results reflect the company's successful leverage of rapid growth in the artificial intelligence sector and its positive impact on earnings.
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