Samsung Posts Sixfold Rise in Second-Quarter Profit To $7.1B Driven By Strong AI Chip Demand

This post was originally published on Forbes Middle East

Samsung Electronics reported a nearly sixfold increase in its second-quarter net profit, reaching $7.1 billion (₩9.841 trillion) compared to just $1.2 billion in the same period last year, driven by high demand for its advanced memory chips that are essential for artificial intelligence (AI) training.