Samsung Reports Record Profit Amid Soaring AI Chip Demand
Samsung announced record quarterly profits, primarily driven by a nearly 50-fold surge in its chip income due to the booming demand for AI-related memory. Despite this strong performance, the company also issued a warning about a potential deepening memory shortage in the upcoming year.
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Samsung reports record quarterly profit as chip income jumps almost 50-fold
The AI boom is worsening a global memory chip shortage, which Samsung predicts will continue into 2027 Samsung Electronics on Thursday reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips. A boom in the construction of AI datacentres has spurred Samsung and chipmaking peers to allocate production capacity to advanced chips that Nvidia uses in its so...
By Reuters
Read full article →Samsung reports record profit as chip income jumps 49-fold on AI boom
Samsung Electronics reported record quarterly profit earlier this week, driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips. The world’s top memory chipmaker by sales also said it has signed multi-year binding contracts […]
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