Samsung Reports Record Quarterly Profit Driven by AI Chip Demand
Operating profit jumped 750% year-on-year in Q1 to a record high as AI-focused chip sales surged, and the company forecast continued healthy demand in the coming quarter.
Samsung Electronics said operating profit in the first quarter rose 750% year-on-year to a record high, driven by strong sales of chips crucial for artificial intelligence. The company forecast continued healthy demand for those chips in the next three months.