The Guardian | Samsung reports record quarterly profit as chip income jumps almost 50-fold by Reuters
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Samsung Electronics announced a record quarterly profit, driven by a near‑50‑fold surge in memory‑chip revenue as AI‑related demand for advanced chips outpaces supply and is projected to worsen through 2027. The company said its chip division’s operating profit rose to a historic 53.7 trillion won, accounting for 94 % of the group’s total profit, while overall revenue jumped 69 % to 133.9 trillion won. Samsung is securing multi‑year supply contracts, planning sharply higher capital expenditure, and diversifying critical inputs such as helium, but warns that lead‑times for new factories will keep supply constrained and that rising oil prices could lift transport costs. Shares have risen 88 % this year. In contrast, its mobile, network and display businesses saw profitability decline, and labor unions in the chip division are threatening strike action over pay. Similar record earnings were reported by rival SK Hynix, underscoring a broader, sustained boom in the memory‑chip market.
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https://www.theguardian.com/technology/2026/apr/30/samsung-quarterly-report-ai
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