AI chip boom pushes Samsung profits to record $80bn

AI chip boom pushes Samsung profits to record $80bn

Samsung Electronics says it expects a nine-fold surge in its quarterly profits compared with a year earlier, driven by surging demand for memory chips used in artificial intelligence (AI) data centres. The tech giant estimates that its operating profit for the three months to the end of September will jump to 107.4tn won (£61bn; $80bn), […] The post AI chip boom pushes Samsung profits to record $80bn appeared first on KBC Digital.

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