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Samsung’s Profit Surges After AI Boom Reverses Chip Losses

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April 29, 2024, 11:48 p.m. | Yoolim Lee

Bloomberg Technology bloomberg.com

Samsung Electronics Co.’s earnings surged after the semiconductor business returned to profitability for the first time since 2022, boosted by broad spending on artificial intelligence development.

artificial artificial intelligence artificial intelligence development boom business chip development earnings electronics intelligence ksc:005930 losses profit samsung samsung electronics semiconductor spending

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