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Samsung Electronics Q1 net surges over fivefold on AI-driven demand
April 30, 2026
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Samsung Electronics Co. said Thursday its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence applications. Net profit for the three months ended March jumped to 47.22 trillion won (31.8 billion) from 8.22 trillion won a year earlier, the company said in a press release.
Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won over the same period, while sales cl
The korea Herald News
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