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Samsung Profit Beats Expectations but Chip Business Sags

Global News Select Provided by Dow Jones Oct 31, 2024 12:31am By Kwanwoo Jun Samsung Electronics reported better-than-expected net profit for the third quarter, but its core semiconductor business earnings shrank sharply from the previous quarter. The mixed results come as the South Korean technology giant faces the twin challenge of catching up with industry rivals in supplying more advanced artificial-intelligence chips and mitigating the impact of lower-end chips from China flooding the mark...

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