Technology · 7 July 2026
Samsung profits jump 1,800% as global AI chip sales boom
Pexels / Andrey Matveev
Samsung Electronics expects its profits to soar almost 19-fold, driven by massive worldwide demand for artificial intelligence memory chips. The South Korean tech giant forecasts record quarterly operating profits for the third time in a row, with earnings close to Nvidia's earlier record. Memory chip prices have been hiked because supplies remain tight due to high demand from AI data centres.
Reported by BBC · How we write briefs