Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

TechCrunch
By Kate ParkApr 30, 2024, 12:05 pm83 pts
Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its…

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