Samsung's operating profit increase 15-fold to 10.4 trillion won ($7.5 billion) in last quarter

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Samsung Electronics reported a 15-fold increase in second-quarter operating profit to 10.4 trillion won, thanks to strong memory chip demand driven by AI adoption. Consolidated revenues rose 23% to 74 trillion won. The company cited favorable market conditions and increased AI investments by cloud service providers as key growth factors, anticipating continued market share gains for AI servers.