Samsung reaps chip comeback, but behind in AI competition

Memory powerhouse trails SK Hynix and others in cutting-edge development

20240705N samsung chips

Samsung reported an increase in profit for the second quarter in a row thanks to a recovery in the semiconductor market. (Samsung Electronics)

NAMI MATSUURA, Nikkei staff writer

SEOUL -- Samsung Electronics' profits are soaring on semiconductor business improvements but struggles to secure profit in generative AI chips are pushing the company to bolster development, including by hiring more engineers.

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