Samsung profit triples as AI boom drives memory chip demand
Samsung has reported record profits after soaring demand for AI servers pushed memory chip prices higher, sending its shares up in Seoul.
| Updated: 12d ago
Samsung has reported a record-breaking surge in profits, with earnings tripling as global demand for AI servers sharply lifted memory chip prices.
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The strong results highlight the growing impact of artificial intelligence on the semiconductor industry, where advanced memory chips are in high demand.
Investors welcomed the news, pushing Samsung’s shares up by as much as 2.5 percent in morning trading in Seoul, as confidence grows that the AI-driven tech boom is reshaping the company’s growth outlook.