SEOUL — Samsung Electronics announced Tuesday that it expects its operating profit for the second quarter to soar by 1,810% compared to the same period one year ago, driven largely by growing demand for memory chips tied to artificial intelligence technology.
The world’s largest memory chipmaker projected its April-through-June operating profit at 89.4 trillion won — the equivalent of approximately $58.44 billion — according to a regulatory filing. That figure came in above an LSEG SmartEstimate of 87.3 trillion won, and represents a dramatic increase from the 4.7 trillion won the company reported in the same quarter a year earlier.
The sharp rise in profits reflects a broader trend in the semiconductor industry, where AI-related demand has been pushing memory chip prices steadily upward.
