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Samsung Electronics Q1 operating profit jumped eightfold to a record on AI driven chip price gains.
Samsung's Q1 operating profit reached a record 57.2 trillion won, up eightfold year-on-year.
KEY POINTS
- Artificial intelligence-driven chip demand has led to supply shortages and substantial chip price increases.
- Samsung's chip business contributed 94% of total profit, with 53.7 trillion won in Q1 operating profit.
- Profit from Samsung's mobile and network division declined 35% due to higher chip prices.
- Samsung expects continued AI infrastructure investment will further boost memory chip prices and earnings.
COMPANIES
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