None
Brief news summary
Samsung Electronics is expecting a 15-fold increase in profits for Q2 2024 compared to the same period last year. This surge is attributed to the rising demand for advanced computer chips fueled by the widespread adoption of artificial intelligence (AI). As the world's largest manufacturer of memory chips, smartphones, and televisions, the company's announcement has caused its shares to rise by over 2% during early trading in Seoul. This follows a more than 10-fold jump in profits for the first quarter of 2024. Samsung anticipates its Q2 profit to reach 10.4tn won ($7.54bn; £5.9bn), surpassing analysts' forecasts of 8.8tn won. However, the company also faces potential disruption next week due to a three-day strike initiated by a worker union demanding a more transparent bonus and time-off system.Samsung Electronics is anticipating an incredible surge in profits, with expectations of a 15-fold increase for the second quarter of 2024 compared to the same period last year. This spike in profitability is primarily driven by the widespread adoption of artificial intelligence, which has led to a soaring demand for advanced computer chips. As the world's largest producer of memory chips, smartphones, and televisions, Samsung's positive forecast has seen a corresponding increase in its shares during early trading in Seoul, rising by more than 2%.
In addition, the company reported a more than 10-fold jump in profits for the first quarter of this year, with expectations that profits will surpass analysts' forecasts. However, amidst this positive outlook, Samsung Electronics also faces a potential three-day strike next week, beginning on Monday, as workers demand a more transparent system for bonuses and time off.
Watch video about
None
Try our premium solution and start getting clients — at no cost to you
I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?
Content Maker
Last news
The Best for your Business
Hot news
Marketing At The Speed Of AI: Building A Brand Fo…
Historically, marketing for most modern businesses focused on visibility—being seen and remembered to drive growth.
AI Video Content Moderation Tools Combat Online H…
In today’s fast-changing digital world, ensuring safe and respectful online environments is more important than ever.
Profound Raises $35M Series B For AI Search Visib…
Profound, a New York-based technology company specializing in innovative software solutions, has secured $35 million in Series B funding led by the renowned venture capital firm Sequoia Capital, noted for backing transformative tech ventures.
Cerebras' Introduction of CS-3 Supercomputer and …
Cerebras Systems, renowned for pioneering AI hardware innovations, has launched the CS-3 supercomputer along with new AI inference services, touted as the world’s fastest supercomputer.
Responsible AI sales ethics: A guide to maintaini…
This content was originally published on nutshell.com and is part of the BLOX Digital Content Exchange.
Is Traditional SEO Dead? Google’s Danny Sullivan …
[Author: Laurie Villanueva] Legal marketers are worried about whether traditional SEO remains worthwhile amid the rise of AI-powered search
Thomson Reuters introduces AI-based sales and use…
Thomson Reuters has introduced ONESOURCE Sales and Use Tax AI, a software solution designed to automate key aspects of sales and use tax compliance for corporations and accounting firms in the US.
AI Company
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Your News is ready
Your article is ready
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Generating video takes longer than text.
