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AI Boom Fuels Chip Giants' Profits | Lubbock News
Published 2 weeks ago
Description
Samsung just smashed records with a $62 billion Q2 profit, fueled by AI-driven demand for memory chips, while rival SK Hynix also posted record earnings—both riding the AI wave but facing investor jitters over massive expansion plans and rising global competition, especially from China, as South Korea prepares to invest a staggering $800 billion in a new chipmaking hub to stay ahead.
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