(Bloomberg) — Samsung Electronics Co.’s pivotal chip division reported a smaller-than-expected profit as the world’s largest memory maker fights to narrow the lead arch-rival SK Hynix Inc. has in the artificial intelligence arena.
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Samsung is ratcheting up its research and operating costs, with executives saying the spending on memory would stay at the elevated level as last year. Total capital expenditures came to 53.6 trillion won ($37 billion) in 2024.