Samsung's AI-Driven Memory Chip Business Fuels Record Profits

The tech giant's focus on AI and high-value products leads to a tenfold increase in Q1 operating profits, signaling a strong market rebound.

Samsung's operating profits soared by over 900%, driven by robust demand for AI-enabled memory chips.
The company's semiconductor division returned to profitability, with a significant boost from AI and server market demands.
Samsung anticipates continued strong demand for its AI technologies and memory products throughout 2024.
High-bandwidth memory (HBM) chips, crucial for AI applications, are a key focus for Samsung's production strategy.
Investments in next-generation products like 12-layer HBM3E chips and advanced NAND technology underscore Samsung's commitment to maintaining its market leadership in AI and memory sectors.