Samsung Electronics profit hits all-time high on device and memory sales

Results at world's biggest memory chip maker come as AI boom concerns rise Samsung's quarterly figures come in at a time when chipmakers' share prices have tumbled from recent highs amid concerns over growing competition from China and the possibility that the AI boom has peaked. © Reuters SEOUL — Samsung Electronics logged all-time highs in consolidated revenue and operating profits in the second quarter on strong memory chip sales, though questions over how long the artificial intelligence boom will last are clouding the company's longer-term outlook.

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