"The ongoing AI boom is signaling good fortune for Samsung, which currently holds the title of leading chipmaker. Samsung has released its Q3 earnings guidance and is anticipating its largest quarterly profit since 2022. Revenues are expected to rise to KRW 86 trillion ($60 billion) while profits are now estimated at KRW 12.1 trillion ($8.5 billion). These figures represent 32% and 8.7% bumps compared to last year."
"Prices of memory chips have been steadily climbing in the last months, fueled by the AI chip production, with growing demand for DRAM and NAND memory chips used in data centers. At the same time, demand for Samsung's advanced high-bandwidth memory (HBM) chips was slower than expected."
Samsung anticipates its largest quarterly profit since 2022, based on its Q3 earnings guidance. Revenues are expected to rise to KRW 86 trillion ($60 billion) and profits are estimated at KRW 12.1 trillion ($8.5 billion). Those figures represent increases of 32% in revenue and 8.7% in profit compared to last year. Prices of memory chips have been steadily climbing in recent months, driven by AI chip production. Demand is growing for DRAM and NAND memory chips used in data centers, supporting higher pricing and sales. Demand for Samsung's advanced high-bandwidth memory (HBM) chips has been slower than expected, tempering some specialized memory upside.
Read at GSMArena.com
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