1. Samsung profit rockets 783% to record high on strong earnings

Samsung profit rockets 783% to record high on strong earnings

Business

  • Samsung posted a record quarterly operating profit of 107.44 trillion won, or about Rs 7.1 lakh crore.
  • No technology firm had crossed 100 trillion won in a quarter before, and earnings rose 783% on the year.
  • Revenue from its HBM4 AI memory chips more than tripled, and Samsung says its 2027 supply is already sold out.
  • Its chip unit earned 106.5 trillion won, while the phone, TV and appliance arm lost 800 billion won.

Source: aninews.in

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