Technology · 7 July 2026

Samsung profits jump 1,800% as global AI chip sales boom

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.

By BriefTea Editorial · 7 July 2026 at 7:16

Reported by BBC · How we write briefs

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Global tech race heats up UK tech firms' AI advantage What's a quarterly profit? Why are memory chips vital?

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