Samsung Electronics reported a 10-fold increase in operating profit, reaching 6.6 trillion won, attributed to AI technology driving memory chip market resurgence.
The semiconductor division marked its first quarterly profit since 2022, earning 1.91 trillion won, fueled by higher memory chip prices and Galaxy S24 sales.
Samsung foresees continued strength in the memory chip market, fueled by generative AI technology expansion, driving demand for both conventional and advanced chips.
Samsung will focus on enhancing Galaxy S24 sales, leveraging AI capabilities like live translation during calls in multiple languages.
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