That amounts to a fifteenfold increase in profit compared to a year earlier. Samsung’s semiconductors and memory chips are used in, for example, data centers for AI. Samsung also saw the prices for those chips rise. In addition to chips, Samsung is also a major seller of smartphones and other electronics.
This week, the South Korean government raised its economic growth forecast, thanks to strong AI chip exports. In June, the country exported the most chips ever, according to Seoul.