Strong AI chip demand drove earnings, with sales up 130% to 171.49 trillion won
Samsung Q2 net profit surges 1,300% to 71.62 trillion won
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LEAD Samsung Electronics Q2 net income up 1,299.9 pct to 71.62 tln won. (ATTN: RECASTS headline, lead; ADDS byline, details throughout, photo) By Kim Han-joo SEOUL, July 30 (Yonhap) -- Samsung Electronics Co. said Thursday its second-quarter net profit jumped nearly 1,300 percent from a year earlier as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings. Sales increased 130 percent to 171.49 trillion won. The average analyst estimate for net profit was 71.21 trillion won, according to a survey by Yonhap Infomax, the financial data unit of Yonhap News Agency.
Furthermore, The company has also expanded sales of higher-value products after becoming the first in the industry to begin mass production and shipments of sixth-generation high-bandwidth memory, or HBM4, chips. Samsung Electronics Co.'s corporate logo is seen at the company's office building in southern Seoul in this undated file photo. (Yonhap) (END).
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LEAD Samsung Electronics Q2 net income up 1,299.9 pct to 71.62 tln won. (ATTN: RECASTS headline, lead; ADDS byline, details throughout, photo) By Kim Han-joo SEOUL, July 30 (Yonhap) -- Samsung Electronics Co. said Thursday its second-quarter net profit jumped nearly 1,300 percent from a year earlier as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings.
reliability low1/2 sourcesSales increased 130 percent to 171.49 trillion won.
reliability low1/2 sourcesThe average analyst estimate for net profit was 71.21 trillion won, according to a survey by Yonhap Infomax, the financial data unit of Yonhap News Agency.
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The company has also expanded sales of higher-value products after becoming the first in the industry to begin mass production and shipments of sixth-generation high-bandwidth memory, or HBM4, chips.
according to Yonhap NewsSamsung Electronics Co.'s corporate logo is seen at the company's office building in southern Seoul in this undated file photo. (Yonhap) (END)
according to Yonhap News
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