Samsung’s chip profit posts almost 50-fold growth but supply worries cloud 2027 outlook

Seoul: Samsung Electronics on Thursday reported record quarterly profit driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on AI, driving up prices of its memory chips.

The world’s top memory chipmaker by sales also said it has signed multi-year binding contracts with customers hoping to lock in supplies, without disclosing identities or terms.

A boom in ‌the construction of AI ⁠data centres ⁠has spurred Samsung and chipmaking peers to allocate production capacity to advanced chips that Nvidia uses in its so-called AI accelerators.