Samsung profit surges most in years after chip arm recovery

Quick Summary:

Samsung Electronics reported its fastest pace of net income growth since 2010 after the artificial intelligence boom lifted earnings at its semiconductor division.

It has won the long-awaited approval from Nvidia for a version of its HBM chips called HBM3, and it also anticipates approval for the next generation, HBM3E, in two to four months, Bloomberg News reported this week.

Asia’s fourth-largest economy is one of the world’s largest exporters of computer chips and as such serves as a useful indicator of global technology demand.

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Article Details

Author / Journalist: Bloomberg

Category: Technology

Markets: Hong KongChinaSouth Korea

Topics: Samsung’s Samsung Quarter Demand Reported Semiconductor Company Hynix Memory Income Chips

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 11:23:23 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21867424

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