Reported about 6 hours ago
Samsung Electronics is set to ramp up its advanced chip production to keep up with soaring demand for memory chips, particularly for AI infrastructure build-up, following a record revenue performance in its memory segment. The company forecasts that next year's demand will surpass supply, prompting significant capital investments and expansion in high-bandwidth memory (HBM) chips needed for AI applications. This move comes amidst a global chip shortage, with Samsung's competitors also anticipating a continued 'super cycle' driven by the AI boom.
Source: YAHOO