Thanks to the high demand for memory chips as a result of the AI boom, Samsung earned more operationally in the fourth quarter than ever before in a quarterly period.
According to initial key data, operating profit has more than tripled to around 20 trillion won (around 11.8 billion euros), as the South Korean technology group announced on Thursday in Seoul. Sales rose by 23 percent to 93 trillion won, also to a record level. Samsung thus exceeded the experts’ expectations in terms of both revenue and operating profit. The stock climbed to a record high in early trading; profit-taking then began.
As usual, when presenting the key data, Samsung did not provide any details about the result or how the increase in profits came about. This will be published on January 29th. According to experts, the record result is due to the ongoing boom in artificial intelligence (AI). This is rapidly increasing the demand for high-performance computer memory chips. As a result, there are repeated chip shortages and the resulting higher prices. Samsung Electronics is one of the world’s leading producers of memory chips: Together with its domestic rival SK Hynix and the US group Micron Technology, Samsung dominates the market for DRAM chips.
At the beginning of the AI boom, the South Korean company lagged behind in technological development; Recently, Samsung was able to catch up with so-called HBM chips (High Bandwidth Memory), in which several DRAM chips are stacked. According to industry experts, the group recently impressed with its HBM4 chips, the latest generation of AI accelerators.
This has recently been rewarded on the stock market with significantly rising prices. In the past twelve months, the share price has risen by almost 150 percent. The share price reached its highest level to date on Thursday at 144,500 won. The stock could not quite maintain this level; Ultimately, the share fell by 0.99 percent to 139,600 won.
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SEOUL (dpa-AFX)
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