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

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.