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Samsung reports 15-fold rise in Q2 profit to $7.5bn as chip prices jump
Business Standard
|July 06, 2024
Samsung Electronics posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.
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The world's largest maker of memory chips and smartphones said operating profit grew more than 15-fold to 10.4 trillion won ($7.5 billion) in its preliminary results for the June quarter, outstripping market projections. Sales grew around 23 per cent, the biggest rise since Covid-era highs clocked in 2021. Samsung is slated to announce f
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Business Standard
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Business Standard
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Business Standard
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