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.

Samsung has taken the lead in smartphones sales in the first quarter of 2024 as it has for the last few years, but it's not really about AI nor Apple iPhone weakness.

The Galaxy S24 series is equipped with a variety of Galaxy AI features, but these features are only the beginning for Samsung.

Samsung reported that it earned an operating profit of $4.77 billion on revenues of $52 billion in the quarter ending March 31.

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services.

Samsung said on Tuesday that it expects demand for chips and tech devices to remain strong through the year, driven by artificial intelligence (AI). The company reported an operating profit of 6.61 trillion won for the first quarter,

Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of AI technologies drives a rebound

Samsung Electronics Co. Ltd. said today that its operating profit increased by almost tenfold in the first quarter, compared to the same period one year ago. The growth was driven by a strong rebound in its semiconductor business,