Samsung Sees Q2 Profit Hit 89 Trillion Won as AI Memory Chip Demand Outstrips Supply
Updated
Updated · BBC.com · Jul 7
Samsung Sees Q2 Profit Hit 89 Trillion Won as AI Memory Chip Demand Outstrips Supply
3 articles · Updated · BBC.com · Jul 7
Summary
89 trillion won in projected Q2 operating profit would give Samsung a 19-fold year-on-year jump and a third straight record quarter ahead of full results later this month.
171 trillion won in forecast sales—more than double a year earlier—reflects an AI-driven memory boom that has kept semiconductor supply tight and allowed Samsung to raise chip prices.
IDC said demand from AI data centers has strained memory supply in ways the industry has not seen before, with tight conditions expected to persist through next year and spill over into chips for everyday electronics.
5.5% was the early drop in Samsung shares in Seoul on Tuesday despite the earnings surge; the stock has still more than doubled this year, helping lift South Korea's Kospi more than 80% alongside gains in SK Hynix.