07-July-2026
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Samsung expects 1,800% operating profit leap on AI boom
07-Jul-2026

South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.4 billion) -- up 1,810 percent on-year, a company statement said. Frenzied global demand for advanced memory chips used in data centres for artificial intelligence has already helped South Korean semiconductor giants post record profits this year.

News Source:- https://www.newindianexpress.com/business/2026/Jul/07/samsung-expects-1800-operating-profit-leap-on-ai-boom