Samsung profit jumps 1,814% as South Korean tech giants benefit from global AI boom

Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level. However, the company warned that memory chip shortages could worsen next year as AI infrastructure expands rapidly.

SEOUL: South Korean technology giant Samsung Electronics posted on Thursday (Jul 30) a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.The world's largest memory chipmaker posted April-June operating profit of 89.49 trillion won (US$62 b

Samsung Electronics posted a record 89.5 trillion won ($61.9 billion) in operating profit for the second quarter, as the AI-driven memory boom lifted both profit and revenue to all-time highs. The tech giant said Thursday its April-June revenue reached 171.5 trillion won, up 28 percent from the previous quarter, while

Samsung Electronics said on Saturday it struck a pact with U.S. chip designer Broadcom to widen cooperation across memory chips, contract ​chip making and advanced packaging envisaged to exceed $200 billion until ‌2030.