Samsung Sees Record Profit on AI Demand for Memory
Samsung Electronics is expected to report an 18-fold jump in operating profit to a record high in the second quarter, driven by surging demand for memory chips from AI growth. Analysts forecast a profit of 86 trillion won ($56.35 billion), citing a prolonged memory shortage. The memory market is expected to remain undersupplied through next year, with AI applications expanding into various computing workloads.
Key points
- Samsung Electronics, the world's largest memory chipmaker, is expected to report an 18-fold jump in operating profit to 86 trillion won ($56.35 billion) in the second quarter.
- The profit increase is driven by surging demand for memory chips from AI growth, which has led to a prolonged memory shortage.
- Analysts expect the memory market to remain undersupplied through next year, driven by AI applications expanding into various computing workloads.
- Samsung is a key supplier of memory chips to major technology companies, including Nvidia.
- The robust growth has been driven by high-bandwidth memory (HBM), conventional DRAM, and NAND products, which are required for complex AI tasks.
Samsung Electronics, the world's largest memory chipmaker, is expected to report an 18-fold jump in operating profit to a record high in the second quarter. This surge in profit is driven by surging demand for memory chips from AI growth, which has led to a prolonged memory shortage. Analysts forecast a profit of 86 trillion won ($56.35 billion), citing a prolonged memory shortage.
The memory market is expected to remain undersupplied through next year, driven by AI applications expanding into various computing workloads. This growth has been driven by high-bandwidth memory (HBM), conventional DRAM, and NAND products, which are required for complex AI tasks.
Samsung is a key supplier of memory chips to major technology companies, including Nvidia. The company's robust growth in memory sales is expected to continue, driven by the increasing demand for AI applications in various industries.
Sources
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