Samsung expects AI to drive sales of chips and smartphones in 2024
Strong chip and smartphone sales helped Samsung post a tenfold increase in profit for the first quarter.
Strong chip and smartphone sales helped Samsung post a tenfold increase in profit for the first quarter.
The new LPDDR5X DRAM's industry-leading speed and low power make it optimal for AI applications, Samsung says.
Samsung saw its profit increase tenfold in the first quarter on the back of the recovery of the chip market.
Samsung wants to become the world's largest vendor of chips again within three years as it locks horns with SK Hynix, Intel, and TSMC. Will it succeed?
The acquittal could free up Samsung's top boss to make major decisions involving the world's largest maker of consumer electronics and memory chips.
After a harsh 2023, Samsung is expected to see its profit increase throughout 2024 from the recovery of the chip market.
It is one feature among many coming with Galaxy AI that will debut with Galaxy S24 smartphones launching early next year.
The strong sales of Galaxy Z Fold 5 and Galaxy Z Flip 5 foldable smartphones somewhat offset the continuing profit loss of the tech giant's chip business.
Samsung has narrowed its loss however which could indicate the start of a rebound for the semiconductor market.
The new form factor, LPCAMM, for PCs and laptops, drastically takes up less space and improves power efficiency.