Samsung said on Tuesday that it expects demand for chips and tech devices to remain strong through the year, driven by artificial intelligence (AI).The company reported an operating profit of 6.61 trillion won for the first quarter,

Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market.

Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of AI technologies drives a rebound

Samsung Electronics said on Tuesday it expected demand for artificial intelligence to hold strong in the second half, driving sales of memory chips and tech devices, as it reported a more than 10-fold rise in first-quarter operating profit.

Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications.

AI has been a big boon for the electronics giant Samsung this year — something the company expects to continue throughout 2024. In a new earnings release, the South Korean company’s chip division saw its operating profit more than tripleto 1.

HBM will help too. Foundry biz? On track for 2nm but bruised Samsung Electronics' Device Solutions unit reported on Tuesday a 68 percent year-on-year increase in sales for Q1 2024, largely thanks to its memory sales – a result that confirms what many had predicted: an AI and server boom has brought the chip shop out of the lows experienced in 2023.

Samsung Electronics Co. Ltd. said today that its operating profit increased by almost tenfold in the first quarter, compared to the same period one year ago. The growth was driven by a strong rebound in its semiconductor business,