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Much money for Samsung with smart computer technology

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Samsung is a big company from South Korea. Samsung makes memory chips. These chips are important for smart computer technology. People call this KI. Many companies need this technology now.

Samsung earned much money in the 2nd quarter. That is about 51 billion euros. This is a very high profit. It is 19 times more than last year. Experts expected less money.

There are worries. The price of the Samsung stock goes down. Many investors have fear. They do not know if the boom stays. Maybe companies build fewer data centers soon.

There is also trouble in South Korea. The workers at Samsung want more money. They wanted to go on strike. Now they get big bonuses. Other companies in South Korea have a hard time.

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Definitions

Quarter
A time of 3 months in one year.
Stock
A small part of a company. You can buy this at the stock market.
Smart computer technology
Computer programs that learn and solve tasks like humans.
Investors
People or companies that use their money to get more money.

People

Albert Yong
A boss at a company for money investments.

Locations

South Korea
A country in East Asia with many technology companies.

Sources

Logo ORF
ORF

Rekordgewinn: Samsung übertrifft Erwartungen

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Logo Die Presse
Die Presse

Samsung erwartet dank KI-Boom erneut Rekordgewinn: Aktienkurs stürzt ab

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Logo Spiegel
Spiegel

Samsung: Aktie stürzt nach Rekordquartal wegen Sorgen um KI-Nachfrage ab

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Logo VOL
VOL

Samsung erwartet Rekord-Gewinn dank KI-Boom

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Logo Standard
Standard

Samsung verbucht dank KI-Boom erneut Rekordgewinn

Read now

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