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Samsung's profit explodes over 1,800% on AI chip demand
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NewsBytes
Samsung's memory chip business, which includes DRAM and NAND chips used in smartphones, cars, and servers, has been a major contributor to its record-breaking profits.
The company attributed the growth to the rising demand for AI servers.
This led to all-time high sales of DRAM and NAND chips.
Samsung also revealed that it is investing heavily in new manufacturing facilities in Pyeongtaek and other infrastructure projects to meet this growing demand.