Record profits forecast for Samsung with dramatic rise in demand for AI chips


  • Samsung aims for around 20 trillion won next quarter
  • 17 trillion won could come from chip sales alone
  • Smartphones continue to sell well, for now

Samsung has announced that it expects to earn between 19.9 and 20.1 trillion Korean won ($13.8 billion) next quarter, representing a more than threefold increase compared to the same period last year.

This would mark Samsung’s highest quarterly result of 17.6 trillion won in 2018, but also exceeds analyst expectations of 18 million won.



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