Samsung heads for an 18-fold profit jump as AI memory demand runs hot

Samsung Electronics is projected to report a second-quarter operating profit of about 86 trillion won ($56bn), an 18-fold increase from the previous year, driven by soaring memory chip prices amid strong AI demand. This marks the third consecutive quarter of record profits fueled by rising DRAM and NAND prices due to AI infrastructure needs outpacing supply. The price surge affects not only high-bandwidth memory but also standard DRAM and NAND, impacting broader tech sectors like smartphones and