Samsung focuses on HBM as AI demand drives record quarterly profit

Seoul [South Korea], April 30 (ANI): Samsung Electronics, on Thursday, announced its strategy to prioritize high-value memory products, specifically high-bandwidth memory (HBM) and server chips, as supply shortages triggered by the artificial intelligence boom are expected to persist for some time.

According to a report by The Korea Herald, the tech giant reported a record-breaking first-quarter operating profit that surged 756.1 per cent to 57.23 trillion won (approx. USD 39 billion), a quarterly high driven largely by its semiconductor business. Revenue for the January-March period rose 69.2 per cent to 133.87 trillion won (approx. USD 91.2 billion).