Samsung reports 10-fold increase in profit as AI drives rebound for memory chips
Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence (AI) 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 (£3.8 billion), up from the 640 billion won (£370 million) it earned during the same period last year.
