BUSINESSJul 7 · 09:30 UTCFRANCE 24Charles PELLEGRIN

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

Samsung Electronics reported record quarterly profits driven by the global AI infrastructure expansion and a memory chip shortage. Additional news includes rising oil futures due to Hormuz Strait tensions, Canada's largest defense contract, and Cuba's third nationwide blackout this year.

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Samsung ElectronicsorganizationArtificial Intelligencetopicmemory chip shortagetopicHormuz StraitplaceCanadaplaceCubaplace

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