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Samsung set to post 18-fold profit jump on surging AI memory demand

South Korean tech giant Samsung Electronics is expected to post an around 18-fold jump in profit as demand for AI memory booms. High-bandwidth memory chips sit at the center of the demand. The results point to the strength of the global chip cycle.

A close-up of a semiconductor memory chip
A close-up of a semiconductor memory chipPhoto: Sergei Starostin / Pexels
Straits Times Business1 h ago005930.KS
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South Korea's Samsung Electronics is expected to report an around 18-fold jump in profit as demand for memory used in AI infrastructure strengthens. Its performance is being read as a sign of the recovery across the global chip sector.

According to the Straits Times, high-bandwidth memory (HBM) chips used in AI servers are at the center of the demand. Stronger prices and shipments are lifting memory makers' revenues significantly.

Analysts say memory demand could stay strong if AI investment continues. However, rising supply and price swings are cited among the risks for the sector in the period ahead. Official results will be watched closely.

EarningsAITech005930.KSAsiaStraits Times Business
Source: Straits Times Business
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This article is an AI-curated summary of the original story published by Straits Times Business. The illustration is a stock photo by Sergei Starostin from Pexels and is not from the original story.

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