Long-term Value InvestorAccording to Reuters, Samsung Electronics' first-quarter operating profit surged 10-fold, with memory chip sales nearly doubling compared to the same period last year. The report added that the South Korean giant expects strong AI demand to continue in the second half of the year, further boosting memory chip sales. Samsung's first-quarter operating profit rose to KRW 6.6 trillion, with its chip division turning a profit of KRW 1.91 trillion from a loss of KRW 4.58 trillion a year earlier. Revenue grew 13% to KRW 71.9 trillion, with memory chip revenue jumping 96% to KRW 17.49 trillion.$Micron Tech(MU.US) https://news.samsung.com/global/samsung-electronics-announces-first-quarter-2024-results$Samsung Electronics (SSNGY.US)
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