Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss
SMH•Currency and reporting details
$1 = 1,444.0800 won
(Reporting by Hyunjoo Jin and Joyce Lee; Editing by Sonali Paul)
((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))
Operating profit surges to record
SEOUL, July 30 (Reuters) - Samsung Electronics 005930.KS said on Thursday its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weaker earnings at its mobile business.
The world's top memory chipmaker reported operating profit of 89.4 trillion won ($61.91 billion) for the April-to-June period, in line with its estimate of 89.4 trillion won and up from 4.68 trillion won a year earlier.
