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Samsung flags 15-fold surge in Q2 profit as AI boom lifts chip prices
(ATTN: ADDS details in paras 8-9, 12-18, new photo, byline; AMENDS headline)By Kim Boram ...
SEOUL, July 5 (Yonhap) -- Samsung Electronics Co. on Friday estimated its second-quarter operating profit shot up more than 15-fold, as a prolonged boom in artificial intelligence computing lifted prices of memory chips. The world's biggest maker of memory chips expected a second-quarter operating profit of 10.4 trillion won (US$7.5 billion), up 1,452.2 percent from a year earlier, Samsung Electronics said in a regulatory filing. Analysts predict continued growth in Samsung's operating profit in the second half of the year, driven by sustained demand for HBM products and higher-capacity solid-state drives.
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