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Samsung Q2 Profit Soars 13x, Boosted by AI and Chip Industry

Samsung Q2 Profit Soars 13x, Boosted by AI and Chip Industry

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Samsung Electronics has projected a staggering 13-fold increase in its second-quarter profit, marking a notable recovery from the same period last year. The estimated operating profit for Q2 2024 is 8.8 trillion won ($6.34 billion), a significant rise from the 670 billion won reported in Q2 2023. This represents Samsung's highest profit since the third quarter […]

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SMIC Rises to World's 3rd Largest Chip Foundry with Huawei's Help

SMIC Rises to World’s 3rd Largest Chip Foundry with Huawei’s Help

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Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) has climbed to the third spot in the global foundry market by sales for the first quarter of 2024. This milestone was reached despite the ongoing trade restrictions enforced by the US government. Market Share and Financial Performance A report from tech research firm Counterpoint shows that SMIC captured

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