Samsung set to beef up advanced chip output after memory chip sales hit record

SEOUL: Samsung Electronics reported its memory chip revenue hit a record high in the third quarter and said it will focus on mass producing its most advanced products next year, expecting continued strength in the chip market, driven by AI demand.

The turnaround of the world’s top memory chipmaker reflects the unexpected boom in conventional chip prices, with supply squeezed by the industry’s shift to producing advanced AI chips, while demand is rising for data centres.