Frenzied global demand for advanced memory chips has helped South Korean semiconductor giants post record profits. (Photo: AFP)
SEOUL - South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.4 billion) - up 1,810% on-year, a company statement said.
Frenzied global demand for advanced memory chips used in data centres for artificial intelligence has already helped South Korean semiconductor giants post record profits this year.
The boom has also strengthened workers' demands for higher pay, and Samsung avoided a major strike in May after reaching an agreement on bonuses.
Samsung's estimate would be the "largest quarterly operating profit in history", beating that of AI chip titan Nvidia, said Kim Dae-jong, a business administration professor at Sejong University.
