Samsung Electronics Reports Record Fourth Quarter Profit on Artificial Intelligence Driven Memory Chip Surge
Samsung Electronics reported a record 20 trillion won operating profit for the fourth quarter. Strong AI-related chip demand drove massive gains in memory.
Insights:
Samsung Electronics Co., Ltd. , which is based in KR 
KR, announced on Thursday that its operating profit for the fourth quarter more than tripled to a record high of 20 trillion won. This result matched the company’s earlier guidance and represents a significant increase from the 6.49 trillion won recorded in the same period a year earlier. Quarterly revenue rose 24% to 93.8 trillion won compared to the previous year as the global tech sector experiences a massive surge in demand for hardware capable of supporting artificial intelligence applications. According to the report, the exchange rate stands at 1,430.3000 won per dollar.
KR, announced on Thursday that its operating profit for the fourth quarter more than tripled to a record high of 20 trillion won. This result matched the company’s earlier guidance and represents a significant increase from the 6.49 trillion won recorded in the same period a year earlier. Quarterly revenue rose 24% to 93.8 trillion won compared to the previous year as the global tech sector experiences a massive surge in demand for hardware capable of supporting artificial intelligence applications. According to the report, the exchange rate stands at 1,430.3000 won per dollar.
