Samsung Electronics posts record results, reporting a $49.64B net profit for the quarter ended June and an 89.5 trillion won ($62B) operating profit for April-June driven by its semiconductor division and AI demand.Quarterly revenue reached 171.5 trillion won ($119B) as chip prices and shipments of high-bandwidth memory increased; SK Hynix posted 60.5 trillion won ($42B) in revenue but weaker profits.Shares of
Samsung Electronics and
SK Hynix fell on the Korean stock market as investors worried about multibillion-dollar capacity plans and rising competition from Chinese chipmakers, including reports of a firm mass-producing advanced
lithography machines, while Samsung warns the memory-chip shortage will last through 2028.