Get all your news in one place.
100's of premium titles.
One app.
Start reading
France 24
France 24
Business
Charles PELLEGRIN

Samsung Electronics profits surge 1,800% annually amid artificial intelligence spending boom

Samsung Canada Cuba Memory Oil the Hormuz Strait
Cover image: BUSINESS © FRANCE 24

South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Transcendent by Laverne Cox review – success against the odds
The actor and activist tells the story of her brutal childhood in the deep south with eloquence and defiance
The Guardian - UK
The Guardian - UK
99 Hilariously Unhinged Screenshots That Were Too Funny Not To Share
Before the digital age, showing someone something funny you found on your own was more challenging. You either had to give a vivid description or physically show the person what you saw. These days, we have screenshots to pass around for immediate laughter, and here are some of the wildest…
Bored Panda
Bored Panda
Parents’ attachment to phone screens can lead to anxiety in children – study
Teens feel ‘devalued, dismissed or unimportant’ when parents snub them in favor of phones, new research finds
The Guardian - US
The Guardian - US
The Hidden Cost of ‘Convenience Culture’—How Tiny Purchases Add Up Over a Year
Have you ever checked your bank statement and wondered where your money disappeared? Many people are surprised to discover that it wasn’t one expensive purchase causing the problem, but dozens of small, convenient ones made almost without thinking. Whether it’s a coffee on the way to work, food delivery after…
Budget and the Bees
Budget and the Bees
After Sleeping With Bonnie Blue At Her Baby Shower, Man Sparks Outrage With Girlfriend Twist That Stuns Netizens
“Was it worth it, dude?” a netizen asked.
Bored Panda
Bored Panda
Taylor Swift And Travis Kelce Are Now Dealing With Same Wedding AI Nonsense Zendaya And Tom Holland Dealt With
So many fake wedding photos, so little time.
Cinemablend
Cinemablend
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play