Samsung said its net profit soared 1,299.9% on-year to 71.62 trillion won. (EPA Images pic) SEOUL: South Korean technology giant Samsung Electronics posted on Thursday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chip»»»

SEOUL: South Korean technology giant Samsung Electronics posted on Thursday (Jul 30) a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. The world's largest memory chipmaker posted April-June operating profit of 89.49»»»

Search/enSign InSign Up The AI trade, which incorporates semiconductors and memory stocks, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk»»»

Sejong Mayor Cho Sang-ho speaks in a news conference at Sejong City Hall on Thursday. The Korea Herald SEJONG -- Sejong Special Self-Governing City has achieved its largest-ever single investment deal since its establishment, securing 8 trillion won ($5.2 billion) from Samsung Electro-Mechanics to »»»