Times of IndiaLean R·
Samsung Q2 results: Tech giant posts record high $62 billion profit on AI chip boom
Samsung Electronics achieved its highest-ever quarterly operating profit, fueled by strong AI chip demand. Rival SK Hynix also reported record revenue, reflecting industry strength. However, investor sentiment declined due to expansion plans and Chinese competition. Both companies are investing heavily in new chipmaking facilities and data centers. Global partnerships are strengthening to secure memory chip supplies for AI.
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