Record profits. Samsung forecasts a threefold increase in operating profit thanks to the AI boom

Samsung Electronics predicts that the company’s operating profit in the fourth quarter will triple and reach a record high due to chip shortages and demand for artificial intelligence, Reuters reports.

The company’s profit for October-December was estimated at 20 trillion won. This is more than in 2024 (6.49 trillion won) and higher than analysts’ forecast of 18 trillion won.

• The profit growth is attributed to a shortage of chips on the market and increased demand for memory used for servers processing tasks with artificial intelligence.

• As a result, prices for some types of memory more than tripled in the fourth quarter compared to last year, and further growth is expected in the first quarter of this year.

Samsung also expects revenue to grow by 23% to a record 93 trillion won. The semiconductor business is expected to account for the bulk of the profit, with about 17 trillion won per quarter, according to Reuters.

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