Samsung reports ‘major’ progress in supply deal for AI chips ...Middle East

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Samsung reports ‘major’ progress in supply deal for AI chips
source : News10NBC ( Middle East ) () 56
SEOUL, South Korea (AP) — Samsung Electronics on Thursday reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter. The South Korean technology giant said its operating profit for the July-September period increased by more than 277% from a year earlier to 9.18 trillion won ($6.65 billion). But the figure represented a 12% decline from the second quarter, which Samsung attributed largely to one-off costs, such as provision of employee incentives in its computer chip business, and the effects of a weaker U.S. dollar. Samsung’s semiconductor division earned 3.86 trillio

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