Hardware · Updated 29 Oct, 09:46 am IST
Samsung posts record quarterly profit as AI lifts memory chip demand
Why it matters for readers: It explains why AI growth is pushing big spending on specialised chips and data-centre hardware worldwide.
- Samsung recorded an operating profit of 107.4 trillion won in the July–September quarter, its fourth straight quarter of record profit and revenue.1
- Revenue for the quarter reached an all-time high of 195.3 trillion won, supported by surging demand for computer memory chips used in AI.1
- Samsung expects AI-related chip demand to accelerate through 2027 and plans to prioritise high-bandwidth memory, server DRAM and solid-state drives for AI servers.1
- Samsung and SK Hynix together control about two-thirds of the global memory market and South Korean firms are making major investments in chips and data centers.1
- Samsung and SK Hynix announced plans in June to invest a combined 800 trillion won as South Korea expands its AI ambitions.1
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