SEOUL, April 30 (Reuters) - Samsung Electronics ( SSNLF )
reported on Tuesday a more than 10-fold rise in its
first-quarter operating profit, as memory chip prices rose
steeply from a severe downturn thanks in part to a boom in
artificial intelligence.
The world's biggest maker of memory chips and TVs said
operating profit rose to 6.6 trillion won ($4.8 billion) in
January-March, up from 640 billion won a year earlier.
That was in line with Samsung's own estimate of 6.6 trillion
won flagged earlier this month.
($1 = 1,374.1900 won)