Samsung reports enormous jump in profit on AI boom ...Egypt

EGYPT INDEPENDENT - News

Seoul Reuters — Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market. The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8 percent higher on Tuesday after it reported a more than 10-fold rise in first-quarter operating profit. But so far this year Samsung shares are down 0.8 percent, lagging SK Hynix’s 24 percent gain, as it seeks to catch up with its smaller rival in the supply of top-end chips such as high bandwidth memory (HBM) to AI leader Nvidia (NVDA). “We plan to increase supply of HBM-rela

Hence then, the article about samsung reports enormous jump in profit on ai boom was published today ( Wednesday 01/05/2024 - 03:32 PM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Samsung reports enormous jump in profit on AI boom )

Last updated : 01 May 2024 clock 03:32 PM

Also on site :

Samsung reports enormous jump in profit on AI boom ...Egypt

Aztecs’ season ends with narrow New Mexico Bowl loss

Green Bay Packers Learn Playoff Fate After Blowout Loss to Ravens

Chicago Bears clinch first NFC North title since 2018 as Packers lose

Mizzou loses Gator Bowl after Matt Zollers is forced off the field on final play

Nine Years After Carrie Fisher Died, Billie Lourd Says Mom “Lives on Through Joy” With Kids, Dad Bryan Lourd

No. 20 Virginia notches first 11-win season by beating 25th-ranked Missouri in the Gator Bowl

Myanmar’s election is derided as fake, but the nation’s suffering is all too real

Rapid Reaction: Missouri loses Gator Bowl after brutal offensive showing

Helicopter deployed in search for missing 15-year-old last seen in Encinitas

Guitar Icon Named Most Tortured Rock Artist of all Time by BBC Music

30–35 terrorists on radar: Army steps up counterterror ops in J&K; intense vigil amid 'Chillai Kalan'

Odegaard back on target as Arsenal reclaims top spot

Here are the Bay Area rainfall totals from the storms

Top 10 bowlers with most wickets in BPL history ft. Mustafizur Rahman

Raylen Wilson says CFP loss last season put a chip on Georgia’s shoulder