Samsung’s profit continues to surge thanks to the strong demand for chips propelled by the AI boom.
Image: Samsung
Samsung forecast a surge in its second-quarter profit as the global memory chip market continues its rebound fueled by the AI boom.
The South Korean tech giant said on Friday in its preliminary earnings guidance that it estimates an operating income of 10.4 trillion won in the quarter, an increase of 1,452% from a year ago. Revenue also jumped 23.31% over the same period to 74 trillion won.
The profit surge continues the turnaround of Samsung’s chip division that started the previous quarter, in which it saw operating income jump 900% from a year ago.
