Seoul, April 30 (IANS) Samsung Electronics said on Thursday that its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence (AI) applications.Net profit for the three months ended March jumped to 47.22 trillion won (US$31.8 billion) from 8.22 trillion won a year earlier, the company said in a press release.Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won over…
Latest HBM4 News & Updates
Seoul, April 7 (IANS) Samsung Electronics on Tuesday estimated its first-quarter operating profit to have surpassed 50 trillion won ($33.1 billion) for the first time, driven by strong demand for premium memory chips from the artificial intelligence (AI) industry.The South Korean tech giant projected an operating profit of 57.2 trillion won for the January-March period, surging from 6.61 trillion won a year earlier, according to earnings guidance released by Samsung Electronics.The operating pro…
Seoul, Feb 8 (IANS) Samsung Electronics will begin mass production of the world’s first sixth-generation high-bandwidth memory, known as HBM4, later this month, industry sources said on Sunday.The South Korean tech giant plans to start shipping HBM4 chips as early as next week, following the Lunar New Year holiday, for use in graphics processing units (GPUs) made by Nvidia Corp., the sources said. Nvidia’s GPUs are widely used in generative artificial intelligence (AI) systems, reports Yonhap ne…