Samsung posts record profit amid artificial intelligence demand

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Samsung Electronics reported a record operating profit of 89.5 trillion won ($62 billion) for April–June as demand for memory chips linked to artificial intelligence lifted earnings, a day after rival SK Hynix also posted record results. Despite the profits, both companies saw sharp share declines in South Korea this week as retail investors reacted to concerns about planned massive spending to expand manufacturing capacity and the prospect of intensifying competition from China. The immediate consequence is strong cash flow paired with market unease over future capital intensity and competitive risk.

Samsung earned 89.5 trillion won operating profit in April–June.