The Korea Times
Samsung Electronics reported 57.23 trillion won ($38.55 billion) in operating profit and 133.87 trillion won in sales for the first quarter of the year, driven by strong demand for memory chips amid the global expansion of artificial intelligence (AI) infrastructure. The company said Thursday in a regulatory filing that both figures marked sharp year-on-year increases of 69.16 percent and 756.1 percent, respectively, setting new quarterly records. Among its business divisions, Device Solutions alone reported 81.7 trillion won in sales and 53.7 trillion won in operating profit. The company attributed the robust numbers to its memory business, which is enjoying a supercycle due to strong demand for high-value-added AI products. In the first quarter, the company became the industry’s first to mass-produce and ship high-bandwidth memory 4 (HBM4) and next-generation low-power memory module Small Outline Compression Attached Memory Module 2 (SOCAMM2), adding to solid gains from rising prices for legacy DRAM products. During an earnings call, the company said the average selling prices of DRA
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