Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of…

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Liquid dodges debt crunch – at a hefty price

Liquid dodges debt crunch – at a hefty price

Cassava Technologies and Liquid Intelligent Technologies CEO Hardy Pemhiwa Liquid Intelligent Technologies has completed a US$660-million (R10.8-billion) refinancing that neutralises the near-term default risk that was hanging over the pan-African fibre operator – but at a sharply higher cost of capital than it was paying before. The centrepiece of the deal is a US$300-million senior…

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Tim Cook flags memory crunch as AI chips starve smartphones

Tim Cook flags memory crunch as AI chips starve smartphones

Apple CEO Tim Cook. Carlos Barria/Reuters Apple has warned that rising memory chip prices have started to pressure profitability in the current quarter, echoing warnings from South Korean chip makers that are diverting production toward higher-margin memory chips that support AI workloads. “We do continue to see market pricing for memory increasing significantly,” Apple CEO…

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BPOs face October crunch as Windows 10 support ends

BPOs face October crunch as Windows 10 support ends

Microsoft’s October 2025 deadline for ending Windows 10 support is a ticking time bomb for BPO call centres. Security updates will stop, and as of mid-2025, roughly half of PCs worldwide were still running Windows 10, meaning many contact-centre fleets will be left exposed once patches cease. After the cutoff, unpatched Windows 10 machines will…

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