Samsung reports 10
Time:2024-05-22 03:32:43 Source:travelViews(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:Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
Next:Online reading or offline clubs? Young Chinese embrace both in digital era
You may also like
- Germany's foreign minister visits Kyiv as Ukraine battles to hold off a Russian offensive
- Belt and Road archaeological cooperation fosters closer friendship among civilizations
- Myles Turner scores 31, Pacers avoid play
- Lantern Festival function held for Taiwan business people on mainland
- Sophie Morgan suddenly quits ITV show Loose Women as she reveals plans for emigration
- Lantern dragon dance performed to greet upcoming Lantern Festival across China
- 76ers play their season finale without All
- Holliday's first hit helps the Orioles rally to a 6
- Dali cargo ship is finally brought back to port