semiconductor / news / / The Economic Times
South Korea's benchmark Kospi stock index opened at a fresh high of over 6,700 on Thursday following strong earnings figures from Samsung and US technology giants.
Samsung Electronics reported a record quarterly net profit of 47.1 trillion won, beating analyst forecasts.
KEY POINTS
- First-quarter operating profit rose over 750 percent year-on-year to 57.2 trillion won.
- Samsung's semiconductor division achieved 53.7 trillion won in operating profit, driven by strong AI-related chip sales.
- Memory division set a new quarterly sales record due to high-value-added AI demand and memory price increases.
- South Korea's Kospi index reached a record high above 6,700 after Samsung's strong earnings report.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →