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Semiconductor Tycoons Get Richer On Rising Demand For Complex Chips Needed For AI

China s SMIC ranks as world s third-largest chip foundry by sales in first quarter on back of strong domestic demand

China s SMIC ranks as world s third-largest chip foundry by sales in first quarter on back of strong domestic demand
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Samsung Q1 operating profits soar | The Manila Times

SEOUL: Samsung Electronics said on Tuesday that its first-quarter (Q1) operating profits had risen nearly tenfold year on year amid recovering chip prices and growing demand, notably for generative artificial intelligence (AI).

Samsung says Q1 operating profits soar nearly tenfold on-year

Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year a 931.8 percent increase amid recovering chip prices and growing demand. The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business…

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