The Hindu·3 min read·medium
Samsung likely to post 18-fold jump in profit on surging AI demand for memory
R
Reuters
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Samsung Electronics expects an 18-fold increase in operating profit for the second quarter, driven by high demand for AI-related memory chips. The company continues to benefit from the global shortage of DRAM and NAND products used in AI infrastructure.
Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher.
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