Samsung Q1 profit hits record on robust AI chip demand
Operating profit rose eightfold to 57.2 trillion won as AI demand boosted chip prices. Samsung expects earnings to improve further as AI investment expands.
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SAMSUNG ELECTRONICS CO LTD reported an eightfold operating profit jump to 57.2 trillion won ($38.43 billion) in the first quarter. Revenue for the South Korea company rose 69% to 133.9 trillion won as AI demand triggered a memory chip supply crunch. Surging chip prices are restoring Samsung's margins, though higher component costs are simultaneously squeezing its mobile and network division profits.
