Seoul, April 30, 2026 (AFP) - Samsung Electronics posts record quarterly profit on AI boom

NAMPA / AFP

2026-04-30

Samsung Electronics said Thursday that operating profit soared 750 percent on-year to a record high in the first quarter thanks to strong sales of chips crucial for artificial intelligence, and forecast continued healthy demand in the next three months. The South Korean technology giant has emerged as a key player -- along with rival SK hynix -- in the supply of high-performing chips in demand from companies racing to keep up with the fast-evolvi......

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