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Samsung expects 931% surge in first-quarter profit as memory chip prices rebound

Korean billionaire Jay Y. Lee’s Samsung Electronics forecasted on Friday that its operating profit in the first quarter would skyrocket more than 10-fold from…

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Samsung Expects 931% Surge In First-Quarter Profit As Memory Chip Prices Rebound

The world’s largest memory chip maker by sales reported an operating profit of 6.6 trillion won ($4.9 billion).

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Samsung s Fourth-Quarter Profit Slumps On Sluggish Demand For Gadgets

The world’s largest maker of smartphones projected a 35% year-over-year fall in fourth-quarter operating profit on Tuesday amid weak demand for consumer electronics, which has been crimped by high inflation.

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AI Boom Boosts CEO Of Korean Semiconductor Equipment Maker To Billionaire Ranks

As investors look for the next beneficiary of the artificial intelligence frenzy, shares of Hanmi Semiconductor soared roughly 56% since Thursday.

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