Reported about 1 year ago
Samsung Electronics, the global leader in memory chips, is expected to announce its preliminary financial results for the second quarter on July 5, driven by increased demand for memory chips due to AI innovations leading to higher prices. Experts predict that Samsung's operating profit for the quarter will surge to over 8.8 trillion South Korean Won, a 13-fold increase from the same period last year, with revenue estimated to grow by 23%. The recovery of memory chip prices, particularly in high-end DRAM chips for AI applications, is seen as a key factor in Samsung's semiconductor sector's consecutive profit growth. Additionally, the upcoming launch of flagship foldable smartphones and advanced wearable devices is poised to enhance Samsung's competitiveness in the high-end market.
Source: YAHOO