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Samsung Forecasts Highest Quarterly Profit in Three Years, Driven by AI Chip Demand
Samsung Electronics predicts a 32% increase in third-quarter operating profit, driven by strong demand for semiconductor memory amid challenges in high bandwidth memory sales.
- Samsung Electronics forecasts an operating profit of 12.1 trillion won for Q3 2023, significantly surpassing the 10.1 trillion won estimate by LSEG SmartEstimate.
- The rise in profits is largely due to robust demand for conventional memory chips, which compensated for declining sales in high bandwidth memory products.
- This marks Samsungs highest quarterly profit in over three years, reflecting the growing importance of artificial intelligence in driving semiconductor memory demand.
Por Qué Es Relevante
The strong performance of Samsung Electronics underscores the pivotal role of artificial intelligence in shaping the semiconductor memory market, particularly in South Koreas technology landscape. As demand for server (computing) applications grows, it signals a robust recovery for the memory chip industry.