Samsung Electronics says the artificial intelligence boom is far from reaching its peak, warning that tight supplies of advanced memory chips could persist until at least 2028 as technology companies continue expanding AI infrastructure at an unprecedented pace.
The South Korean technology giant delivered another record quarter, reporting operating profit of 89.5 trillion won ($118.7 billion) on revenue of 171.5 trillion won, extending a run of earnings driven largely by demand for AI memory products. The company also raised expectations for the second half of the year, saying investment in AI data centers and enterprise computing continues to support strong orders for high-bandwidth memory (HBM), server DRAM and enterprise solid-state drives, Samsung said in its second-quarter earnings release.
