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Samsung reports record profit as South Korean chip giants benefit from global AI boom
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KOB.com
That outweighed an operating loss in its mobile, TV and home appliances division, partly due to higher component costs.
Samsung’s report came a day after SK Hynix also reported a record second-quarter revenue of 60.5 trillion won ($42 billion).
(AP Photo/Ahn Young-joon) Photo:Kim Jaejune, an executive of Samsung’s memory chip division, said the company expects the gap between chip supply and demand to widen further in 2027.
Samsung and SK Hynix together produce about two-thirds of the world’s memory chips.
Investor concerns were also heightened by the strong stock market debut of Chinese memory chipmaker ChangXin Memory Technologies, some analysts say.