Samsung Electronics has projected that its operating profit surged more than eightfold to a record in the first quarter, citing an “unprecedented supercycle” for memory chips from the AI boom.
The record earnings come despite a deepening conflict in the Middle East that has sharply increased energy costs for the data centres that power AI tools.
Samsung forecast an operating profit of Won57.2tn ($38bn) in the first three months of this year, more than its entire 2025 operating profit of Won43.6tn. The company reported a Won6.7tn quarterly profit a year earlier.
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