Samsung Electronics said Wednesday that its operating profits soared fifteen-fold to $7.5 billion for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. The world’s largest memory chip maker posted an "operating profit of 10.44 trillion (Korean won) as favorable memory market conditions…
The world’s largest memory chip maker posted an “operating profit of 10.44 trillion (Korean won) as favorable memory market conditions drove higher average sales price”, it said in a statement. Samsung said in a statement that they would “actively respond to the demand for high-value-added products for AI and will expand capacity to increase the portion of HBM3E sales.”
