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Samsung logs $80.5b profit despite AI jitters

Seoul: Massive demand for AI chips delivered record quarterly profits to South Korea's Samsung Electronics on Thursday, but shares fell as investors questioned the resilience of the global tech boom.Samsung is the world's largest maker of memory chips -- components in short supply as advanced types are snapped up for use in data centres powering artificial intelligence.Also read: South Korea fines Google, Apple a combined $47.6 million over app store payment practicesThe company posted July-Sep…

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Economic TimesLean R·1h ago
Samsung logs $80.5b profit despite AI jitters
Seoul: Massive demand for AI chips delivered record quarterly profits to South Korea's Samsung Electronics on Thursday, but shares fell as investors questioned the resilience of the global tech boom.Samsung is the world's largest maker of memory chips -- components in short supply as advanced types are snapped up for use in data centres powering artificial intelligence.Also read: South Korea fines Google, Apple a combined $47.6 million over app store payment practicesThe company posted July-Sep…
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Samsung logs $80.5b profit despite AI jitters

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Samsung logs $80.5b profit despite AI jitters

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