Samsung Forecasts Al-Driven Chip Demand Surge as Q2 Profits Soar Over

Samsung Electronics has forecasted robust artificial intelligence-driven chip demand for the latter half of 2024. The company’s second-quarter operating profit soared over 15 times compared to last year, reaching 10.4 trillion won ($7.52 billion).

Boosted by Rebounding Semiconductor Prices

The Al boom has significantly boosted semiconductor prices. Samsung, the world’s largest memory chip manufacturer, saw its earnings rise from a low base a year ago. In the second half of 2024, Al servers are expected to dominate the memory market as major cloud providers and enterprises ramp up their AI investments.

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