Samsung Q1 profit rises eightfold on AI chip demand
The South Korean firm reported a record operating profit of 57.2 trillion won as AI demand drove up memory chip prices. Revenue rose 69 percent in the quarter.
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SAMSUNG ELECTRONICS CO LTD reported a record 57.2 trillion won ($38.43 billion) operating profit for the first quarter, an eightfold increase from a year earlier. Revenue in South Korea’s largest company rose 69% to 133.9 trillion won as AI demand triggered a global memory chip supply crunch. The result signals a definitive recovery in the semiconductor cycle, driven by infrastructure spending for NVIDIA CORP accelerators.
