SemiconductorsSouth Korean chipmaker plans to build more fabs to meet rising demand on AI boomSamsung Electronics continues to ride the AI boom to massive profit increases. © ReutersKIM JAEWONJuly 7, 2026 09:30 JSTUpdated on July 7, 2026 13:28 JSTSEOUL -- Samsung Electronics' operating profit soared more than 19 times to 89.4 trillion won ($58.4 billion) in the second quarter from a year ago, the company said on Tuesday, as a memory chip shortage continues due to rising demand for artificial intelligence computing, but the announcement failed to calm investors nervous that the good times may not last.