Skip to content
Llamar.ai
Menu
Back to recent public pages

Public page

AI chip boom pushes Samsung profits to record $80bn

Source

www.bbc.co.uk

Published Source updated (as of )

Added to Llamar Summary updated

Open the original source (opens in a new tab)
Two women show off Samsung Electronics Co's latest smartphone Galaxy S26 Ultra series at a showcase in Seoul, South Korea, 26 February 2026.

Understand

AI chip boom pushes Samsung profits to record $80bn

Overview

Samsung Electronics expects a nine-fold surge in quarterly operating profit to 107.4tn won ($80bn) for the three months to the end of September, driven by high demand for memory chips used in artificial intelligence data centres.

Key points

  • Samsung expects operating profit to reach 107.4tn won ($80bn) for the third quarter.
  • The surge is driven by high demand for memory chips used in AI data centres.
  • Samsung is one of the world's largest memory chip makers alongside SK Hynix and Micron.
  • The firm is also expected to benefit from the launch of its latest folding smartphones in August.
  • Full third-quarter earnings will be released at the end of October.
Report this page