April 30, 2026 11:24 AM
Samsung chip profit jumps almost 50-fold; supply shortage to worsen in 2027
Samsung Electronics on Thursday reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips. The world's top memory chipmaker by sales also said it has signed multi-year binding contracts with customers hoping to lock in supplies, without disclosing identities or terms. A boom in the construction of AI data centres has spurred Samsung and chipmaking peers t...