Samsung reports record profit as South Korean chip giants benefit from global AI boom

Samsung reports record profit as South Korean chip giants benefit from global AI boom

Samsung posted record Q2 profit of $62B (89.5T won), 19x YoY growth, from AI server and HBM chip demand. Scarcity drives margins now, but Samsung and SK Hynix's massive capex on manufacturing faces ROI risk as Chinese DUV competition emerges.