Chip Market

Samsung Electronics reported on Tuesday that operating profit increased tenfold last quarter as the development of artificial intelligence technology drove a recovery in the computer memory chip market. The South Korean semiconductor and smartphone giant said operating profit in the January-March quarter reached 6.6 trillion won (about 4.8 billion U.S. dollars), far higher than 640 billion won (about 465 million U.S. dollars) in the same period last year. Source Note: Image generated by AI, image licensing service provider Midjourney The report shows that the company's revenue increased by nearly 13% to 71.9 trillion won (about 52 billion U.S. dollars), mainly due to the rise in memory chip prices...