Samsung Electronics operating profit rises slightly in Q1

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The Star 8h ago

Samsung Electronics operating profit rises slightly in Q1 - The Star

Quick Summary:

SEOUL: Samsung Electronics reported on Wednesday a small rise in first-quarter operating profit, as customers concerned about U.S.tariffs rushed to purchase smartphones and commodity chips, mitigating the impact of its underperforming artificial intelligence chip business.

Samsung did not give its earnings outlook for the current quarter, saying "growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth" make "it difficult to predict future performance".