Tight race: A Samsung booth at an event in Seoul. The company has been lagging behind competitor SK Hynix in high-bandwith memory chips. — Bloomberg
Seoul: South Korea’s Samsung Electronics says that its operating profits soared 277% year-on-year to US$6.6bil but missed expectations as it struggles to leverage demand for chips used in artificial intelligence (AI) servers.
The world’s largest memory chip maker posted an operating profit of 9.18 trillion won or about US$6.6bil “largely due to one-off costs”.
