Samsung's quarterly profit surges nine-fold on memory chip sales driven by AI infrastructure spending; TSMC sales jump 51%, but stocks fall on debt concerns

Samsung Profit Up Almost Nine-Fold With Memory Chip Windfall

The Samsung Electronics Co. semiconductor manufacturing plant in Hwaseong, Gyeonggi Province, South Korea.Photographer: SeongJoon Cho/BloombergTakeaways by Bloomberg AISamsung Electronics Co. earned a nearly nine-fold rise in quarterly operating profit, and Taiwan Semiconductor Manufacturing Co.’s sales jumped 51%, reflecting the spoils of relentless spending on AI infrastructure.Yet investor reaction to a day of record-setting results was muted, weighed down by worries about the staying power ...