Advertisement
Connect with us
Welcome to Startup News - Your source for the latest startup events, news, and insights

AI

Samsung sees strong AI demand after profit triples to record high

Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter and forecast strong chip demand ahead, as the race to build artificial intelligence strains chip supply and boosts prices. The results underscore the strong pricing power of the world’s top memory chipmaker, with its profit growth set to […]

Published

on

Samsung sees strong AI demand after profit triples to record high

Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter and forecast strong chip demand ahead, as the race to build artificial intelligence strains chip supply and boosts prices.

The results underscore the strong pricing power of the world’s top memory chipmaker, with its profit growth set to accelerate this quarter.

“The ongoing AI ‌boom is expected ‌to continue driving favorable market conditions across the industry” in the first quarter of 2026, Samsung said in a statement.

However, it warned rising

Source link

Continue Reading