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While Samsung did not disclose detailed performance by business unit, industry experts estimate that the semiconductor business generated an operating profit of over 1.2 trillion won, marking a turnaround after five consecutive quarters of losses. This is attributed to the reduction in memory semiconductor production and the stronger-than-expected rise in chip prices.
Samsung Electronics is drawing attention in the stock market as it may surpass 100,000 won ($74.20) on the benchmark KOSPI, as it is likely to post its biggest first-quarter earnings in six quarters.
(Bloomberg) Investors’ frenzy over artificial intelligence drove the largest quarterly foreign inflow to South Korean shares, contributing to a global rally in AI-related stocks.Most Read from BloombergErdogan Suffers Defeat in Turkey’s Municipal ElectionsUS Oil Suppliers Muscling Into OPEC+ Markets All Over the WorldChina Factory Activity Expands for First Time in Six MonthsAT&T Says Data From 73 Million Accounts Leaked on Dark WebInvestors Spoiled for Choice With Top Ice Cream Makers for Sa