Samsung Electro-Mechanics profit doubles on AI server parts demand

Samsung Electro-Mechanics reported its highest quarterly revenue on record for the April-June period, with sales of multilayer ceramic capacitors for AI servers and high-end semiconductor package substrates driving both growth and profitability. Revenue reached 3.46 trillion won ($2.4 billion), up 24 percent from a year earlier, the company said Thursday. Operating profit more than doubled to 440.4 billion won, exceeding the 413.6 billion won consensus compiled by Yonhap Infomax by 6.5 percent.