Samsung profits jump 1,800% as AI chip sales soar
Samsung Electronics expects a 19-fold increase in quarterly profits, driven by massive global demand for AI-specific memory chips. The company's performance reflects the broader semiconductor industry boom as data centers scramble to secure hardware for artificial intelligence infrastructure.
Share Save Add as preferred on Google Osmond Chia Business reporter Bloomberg via Getty Images Samsung is also one of the world's leading smartphone makers South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips.
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