Samsung Electronics’ profit soars on demand for AI memory chips
Operating profit rose 1,458.2% year-over-year to 10.44 trillion Korean won ($7.6 billion), buoyed by high-bandwidth memory chips.
Operating profit rose 1,458.2% year-over-year to 10.44 trillion Korean won ($7.6 billion), buoyed by high-bandwidth memory chips.
The world’s largest maker of smartphones projected a 35% year-over-year fall in fourth-quarter operating profit on Tuesday. Demand for consumer electronics is weak, crimped by high inflation.
Samsung became the latest in a list of major firms to ban the use of generative AI tools in the workplace amid concerns that it could lead to leaks of sensitive information.