Michael Ten @lemmy.world to

Technology@lemmy.worldEnglish · 7 months ago

Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

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Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

Michael Ten @lemmy.world to

Technology@lemmy.worldEnglish · 7 months ago

Samsung's operating profit soars 930% as AI tailwinds drive demand for memory chips | TechCrunch

Samsung said its memory chip business returned to profitability, and prices continued to rise thanks to demand for DRAM chips used in genAI applications.

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Source: SSD prices predicted to skyrocket throughout 2024 — TrendForce market report projects a 50% price hike

Samsung has decreased its output by 50% since September, though the market has already seen price bumps due to inventory being cleared out.

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