Samsung Electronics said its semiconductor unit posted Q2 operating profit of KRW 89.2 trillion (~$62bn), up more than 250-fold and above analysts' average forecast of KRW 79.3 trillion. Group net profit was KRW 71.3 trillion, also beating expectations. As the world's largest memory maker, Samsung's results are being watched for evidence that AI-driven investment and valuations are justified. Global semiconductor stocks have climbed to record highs this year but face intensifying competition and

Samsung Electronics said its semiconductor unit posted Q2 operating profit of KRW 89.2 trillion (~$62bn), up more than 250-fold and above analysts' average forecast of KRW 79.3 trillion. Group net profit was KRW 71.3 trillion, also beating expectations. As the world's largest memory maker, Samsung's results are being watched for evidence that AI-driven investment and valuations are justified. Global semiconductor stocks have climbed to record highs this year but face intensifying competition and overcapacity concerns, prompting rising investor doubts about the commercial rationale for large new investments in the sector.