Samsung Electronics Co. said Thursday its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence (AI) applications.

SEOUL, April 30 : Samsung Electronics said on Thursday its operating profit jumped eightfold to a record in the first quarter, underpinned by higher chip prices as an artificial intelligence boom led to a supply crunch.Samsung expects earnings to improve further in the second quarter, saying investment in AI

SEOUL, April 30 : Samsung Electronics on Thursday reported record quarterly profit after an eightfold jump in earnings, saying it expects the momentum to continue as clients spend aggressively on AI infrastructure and drive up prices of its memory chips.A boom in the construction of AI data centres has spurre

SEOUL, April 30 : Samsung Electronics on Thursday reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects the momentum to continue as clients spend on AI infrastructure and drive up prices of its memory chips.The world's top memory chipmaker by sales also said it has signed

SEOUL: Samsung Electronics on Thursday (Apr 30) reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects the momentum to continue as clients spend on AI infrastructure and drive up prices of its memory chips.The world's top memory chipmaker by sales also said it has