SEOUL (Reuters) – Samsung Electronics estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a low base a year ago.
The world’s largest memory chip and TV maker estimated its operating profit rose to 10.4 trillion won ($7.54 billion) in the quarter ended June 30, from 670 billion won a year earlier, the South Korean firm said in a short preliminary earnings statement.
($1 = 1,379.8700 won)
(Reporting by Joyce Lee and Heekyong Yang; Editing by Jamie Freed)
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