SEOUL () – Samsung Electronics announced on Wednesday a slight increase in its first-quarter operating profit. This was due to consumers worried about U.S. tariffs rushing to buy smartphones and general semiconductor chips, which helped offset the poor performance of its artificial intelligence chip division.
The leading manufacturer of memory chips worldwide posted an operational profit of 6.7 trillion won ($4.68 billion) for the quarter ending in March, marking a rise of 1.2% compared to the same period last year and aligning with their preliminary projection of 6.6 trillion won.
($1 = 1,431.5000 won)
(Reported by Hyunjoo Jin and Joyce Lee; Edited by Jacqueline Wong)