Ai chips articles
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Samsung Profits Increase After Riding AI Demand on Chips
Samsung is the latest company to profit from AI demand, as its profits have increased more than fourfold compared to a year earlier.
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Samsung expects AI to drive sales of chips and smartphones in 2024
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 Profits Soar 930% on Memory Chip Boom and AI Demand
Samsung Electronics reported a strong Q1 2024 financial performance. Memory chip sales rebounded, driving operating profit by over 930%, driven by demand for AI-specific servers, memory chips, and storage solutions.