Samsung Profit Soars to 3-Year High on AI Chip Surge
Samsung Electronics Co. reported its highest quarterly profit in over three years, driven by soaring demand for AI-related memory chips. The South Korean tech giant's operating profit surged to 12.1 trillion won ($8.5 billion) in the July-September quarter, eclipsing analyst forecasts.
The semiconductor division's rebound marks a dramatic turnaround from a two-year industry slump. Memory chip prices have skyrocketed, with DRAM prices up 172% year-over-year, fueled by insatiable demand for AI server components. These chips power everything from ChatGPT to the data centers of tech titans like Google and Microsoft.
While Samsung celebrates its resurgence, the company faces intense competition in high-bandwidth memory chips - a critical component for advanced AI systems. The semiconductor landscape continues to evolve rapidly as artificial intelligence reshapes global tech infrastructure.