AI chip demand drives Samsung profit up 19x
Samsung Electronics is on track to post the strongest quarterly results in its history, with operating profit expected to surge nearly 19x on the back of soaring demand for AI memory chips.
July 07, 2026 (MLN): Samsung Electronics is on track to post the strongest quarterly results in its history, with operating profit expected to surge nearly 19x on the back of soaring demand for AI memory chips. The South Korean tech giant projected second-quarter operating profit of around 89.4 trillion won ($58.8 billion) for the April-June period from 4.68 trillion won in the same quarter last year, APP reported....