Reported 3 months ago
Samsung Electronics has experienced a remarkable net income growth, reaching 9.64 trillion won ($6.96 billion) in the June quarter, a six-fold increase primarily driven by rising semiconductor prices and demand for high-bandwidth memory chips essential for AI technology. The company aims to double its output of these high-end chips next year, having made progress in securing approvals for its latest products from Nvidia. Despite its success, Samsung faces stiff competition from SK Hynix, which currently leads the high-capacity memory market.
Source: YAHOO