Why Samsung’s Profits Are Surging as AI Reshapes the Chip Industry
Samsung Electronics is expected to report an 18-fold increase in second-quarter operating profit, reflecting the continued surge in global demand for memory chips used in artificial intelligence (AI) applications. According to estimates compiled by LSEG from 30 analysts, the South Korean technology company is forecast to post operating profit of approximately 86 trillion won (US$56.35 … Read more