30 July 2026 at 7:34 pm
Summary
Samsung Electronics reported a record operating profit of $62 billion for the April-June period, largely driven by its semiconductor business benefiting from AI demand, despite investor sell-offs due to concerns over massive spending and competition from China. The company, along with SK Hynix, plans significant investments in chipmaking facilities to meet surging AI-driven demand, even as their shares have declined.
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