Monday, 6 July, 2026
The AI Gold Rush: Samsung Profits Explode 18-Fold as Chip Demand Soars
By TechShots Studio
Samsung Electronics expects its second-quarter operating profit to skyrocket 18-fold to a record 86 trillion won ($56.35 billion). This massive surge is fueled by an ongoing global memory shortage as the rise of advanced "agentic AI" drives intense demand for DRAM and NAND chips. Despite potential margin squeezes in its mobile division due to rising component costs, booming chip prices continue to supercharge Samsung's valuation.
Read full story at CIO ECONOMIC TIMES