Samsung Forecasts 1,800% Profit Jump to 89.4 Trillion Won as AI Chip Demand Outstrips Supply
Updated
Updated · BBC.com · Jul 7
Samsung Forecasts 1,800% Profit Jump to 89.4 Trillion Won as AI Chip Demand Outstrips Supply
3 articles · Updated · BBC.com · Jul 7
Summary
89.4 trillion won in projected April-June operating profit would mark Samsung's third straight record quarter, with sales forecast at 171 trillion won ahead of full results later this month.
AI memory chips drove the surge as data-center demand kept semiconductor supply tight and let Samsung raise prices, with analysts calling it one of the company's best quarters ever.
Samsung shares still fell more than 8% in Seoul after the guidance, suggesting investors had expected even stronger earnings despite the stock more than doubling this year.
The boom has lifted South Korea's chip sector broadly—SK Hynix shares are up more than 200% and the Kospi has gained over 80% this year—while Seoul plans at least $880 billion in chip investments.