Samsung Electronics has projected a sharp rise in quarterly profit, driven by booming demand for artificial intelligence chips. The company expects operating profit to increase significantly compared to the previous year.

The growth is largely supported by rising demand for high-performance memory chips used in AI systems and data centres. These components are becoming essential as companies expand digital infrastructure.

Samsung has been increasing production and investing heavily in advanced semiconductor technologies. The company aims to maintain its leadership position in the global chip market.

The rebound comes after a period of weak pricing and oversupply in the semiconductor sector. Recent trends suggest that the industry is now entering a recovery phase.

Analysts say Samsung’s strong outlook reflects broader momentum in the AI-driven tech sector. Chipmakers are expected to benefit significantly from continued digital transformation.

Source: Reuters