The memory crunch is making Samsung fabulously rich

The memory crunch is making Samsung fabulously rich

Samsung chip factory complex in South Korea Samsung Electronics on Thursday projected that its quarterly profit would top ₩100-trillion, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales. The world’s largest memory chip maker estimated an operating profit of…

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Samsung projects historic R1.32 trillion profit as AI memory demand soars

Samsung projects historic R1.32 trillion profit as AI memory demand soars

Samsung Electronics has projected a landmark third-quarter operating profit of R1.32 trillion (₩107.4 trillion), marking the first time a global technology company has surpassed R1.23 trillion in quarterly earnings. Driven by a nearly nine-fold year-on-year surge in operating profit, the result represents Samsung’s fourth consecutive quarter of record earnings, fuelled by an escalating global memory…

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Samsung teases another Galaxy event on August 27

Samsung teases another Galaxy event on August 27

Samsung has scheduled a new Galaxy event for August 27 to unveil the latest entry in its S26 lineup. Although the company has not formally named the handset, its confirmation that the device delivers flagship-grade camera features, Galaxy AI capabilities, and the latest One UI experience strongly indicates the arrival of the Galaxy S26 FE…

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SK Hynix, Samsung, AI trade

SK Hynix, Samsung, AI trade

Employees celebrate the close of trading for the year at the Korea Exchange (KRX) on Monday, Dec. 30, 2013. SeongJoon Cho | Bloomberg | Getty Images South Korean stocks rallied Thursday, lifting the benchmark Kospi into a technical bull market as a global revival in the AI trade fuels a sharp recovery after last month’s…

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