Samsung's Chip Profit Surges
Samsung Electronics' semiconductor arm reported an 80% surge in profit, driven by global AI demand.
The company is recovering from a series of missteps that allowed SK Hynix to take the lead in memory.
- The unit will focus on mass production of HBM4, designed to work with AI accelerators from Nvidia.
- The company predicts a spending spree in artificial intelligence will continue into next year.
Global AI demand is helping drive a recovery at the Korean company's most important business.
Author's summary: Samsung's chip profit soars 80% due to AI demand.
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