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Samsung reports record quarterly profit as AI chip sales surge

Quarterly operating profit rose 750% year-on-year to 57.2 trillion won ($38.4 billion), driven by strong sales of chips for artificial intelligence.

Published Apr 29, 2026, 9:08 PM EDT | WFMZZ

Samsung Electronics said its quarterly operating profit jumped 750% year-on-year to a record 57.2 trillion won ($38.4 billion). The company attributed the surge to robust demand for chips crucial to artificial intelligence.