Samsung Q2 profits up 26%; semi capex budget $12.4 billion

Samsung Electronics has reported a Q2  operating profit of $6.86 billion up 26% sequentially and 23% y-o-y. The profits growth came mainly from chips and displays. Revenue was $44.5 billion down 4% sequentially any and 6% y-oy. The company’s semiconductor capex budget this year is $12.4 billion. Earnings from Samsung’s memory business improved in Q2, ...

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