Samsung quarterly operating profit up 1,800% on AI boom
Summary
Samsung Electronics posted a 19-fold jump in second-quarter operating profit as surging demand for AI data centre memory chips boosted revenue and profit. The company expects strong server demand to continue, even as investors worry the AI boom may be over-hyped.
Key Points
- Samsung Electronics reported second-quarter operating profit of 89.5 trillion won, up more than 1,800% from a year earlier.
- Revenue rose to 171.5 trillion won and net profit climbed nearly 1,300% on-year.
- Demand for HBM, DRAM and NAND chips used in AI processors drove the record results.
- Samsung plans new chip facilities in Taylor, Texas, and says a deeper memory shortage could extend into 2027 and 2028.
