Samsung Electronics reported a second-quarter net profit that jumped nearly 1,300 percent year-over-year, driven by robust demand for artificial intelligence chips.
The results mark a decisive turnaround for the world’s largest memory chipmaker, which has struggled with weak pricing and excess inventory in recent quarters.
5 trillion won, previously reported, signals that the worst of the cyclical downturn has passed for the Korean giant.
According to Yonhap, the surge reflects improved utilization rates and higher average selling prices across its memory and foundry divisions.
The earnings beat highlights the accelerating shift in semiconductor demand toward high-bandwidth memory (HBM) and advanced logic nodes.
Samsung’s ability to capture market share in AI-related components is critical as it competes with TSMC and SK Hynix for data-center contracts.
The company’s record operating profit of 89.5 trillion won, previously reported, signals that the worst of the cyclical downturn has passed for the Korean giant.