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International Business Times
International Business Times
World

Samsung Electronics Posts 129.85% Jump In Q4 Operating Profit

Samsung Nvidia United States Artificial Intelligence SK Hynix
Members of the National Samsung Electronics Union walk past a Samsung logo outside the company's Giheung Campus in Yongin on July 10, 2024 (Credit: AFP)

Samsung Electronics said Friday its operating profits surged 129.85 percent year-on-year in the fourth quarter of 2024, but fell from the previous quarter as it struggled to meet demand for chips used in artificial intelligence servers.

The company is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate Asia's fourth-largest economy.

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