Samsung Profit Jumps 1,800% as AI Chip Demand Powers Record Quarter

Samsung Electronics posted a record second-quarter operating profit of 89.5 trillion won ($62 billion), up 1,814% year over year, as artificial intelligence (AI) demand for memory chips pushed sales to an all-time high.

Revenue climbed 28% quarter over quarter to 171.5 trillion won, a fresh company record. It narrowly missed analyst forecasts, even as profit beat expectations.

AI Server Demand Drives the Memory Boom

Samsung's Device Solutions division, home to its memory chip business, posted a 56% quarterly sales jump. The unit's memory arm set records for both revenue and operating profit.

Samsung prioritized server products to meet AI capacity needs. Server sales reached a record share of its chip mix as a result.

The company also scaled up production of HBM4, a high-bandwidth memory chip used in AI processors. It shipped the industry's first samples of HBM4E, the next-generation version of that chip, to major customers.

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