Samsung expects AI to drive sales of chips and smartphones in 2024
ZDNet - 2024-04-30T01:35:00.000Z

Samsung said on Tuesday that it expects the demand for chips and tech devices to remain strong throughout the year, driven by AI.The company reported an operating profit of 6.61 trillion won for the first quarter, a tenfold surge from a year earlier as its chip division returned to profitability after a severe downturn last year. Revenue also jumped 12.8% to 71.92 trillion won in the quarter, backed by strong sales of Galaxy S24 smartphones and increased prices of memory chips, Samsung...

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Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year. Revenue rose by nearly 13% to 71.9 trillion won...
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In related news

Samsung: Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Samsung reports huge jump in profit as AI drives rebound in memory-chip market

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets