Samsung Electronics Sees Record Operating Profit Growth Due to AI Chip Boom

Friday, 5 July 2024, 00:08
Samsung Electronics projects a remarkable 15-fold increase in second-quarter operating profit driven by escalating prices of memory chips attributable to the ongoing surge in demand for artificial intelligence computing. This surge underscores the company's robust performance amidst the dynamic tech market landscape. As AI technologies continue to advance, Samsung benefits from the growth in chip prices, reflecting the crucial role of innovative technologies in propelling profitability.
Koreatimes
Samsung Electronics Sees Record Operating Profit Growth Due to AI Chip Boom

Samsung Reports 15-Fold Surge in Q2 Profit Amid AI Chip Price Increase

Samsung Electronics on Friday estimated its second-quarter operating profit shot up more than 15-fold, as a prolonged boom in artificial intelligence computing lifted prices of memory chips.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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