Samsung said on Tuesday that it expects the demand for chips and tech devices to remain strong throughout the year, driven by AI.

Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market.

March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year

Samsung Electronics said on Tuesday its operating profit went up more than ten-fold in the first quarter, with its chip busine

Samsung Electronics said on Tuesday it expected demand for artificial intelligence to hold strong in the second half, driving sales of memory chips and tech devices, as it reported a more than 10-fold rise in first-quarter operating profit.

Samsung Electronics Co.’s earnings surged after the semiconductor business returned to profitabilty for the first time since 2022, boosted by broad spending on artificial intelligence development.

Samsung Electronics’ flagship semiconductor business returned to profit thanks to a rebound in memory-chip prices.

Samsung Electronics reported on Tuesday a more than 10-fold rise in its first-quarter operating profit, as memory chip prices rose steeply from a severe downturn thanks in part to a boom in artificial intelligence.

The world's largest memory chip maker posted better-than-expected net income that is more than four times the company's earnings a year earlier The chip division posted a better-than-projected operating profit,