Tuesday, 7 July, 2026
AI Boom Drives Samsung to a Historic $58B Record Profit
By TechShots Studio
Samsung Electronics expects its Q2 operating profit to skyrocket 1,181% year-on-year to a record 89.4 trillion won ($58.8 billion). Driven by the global AI supercycle, heavy tech investments have triggered memory chip shortages and elevated prices. Samsung’s advanced sixth-generation HBM4 chips and massive production capacity have solidified its position, with the supply crunch expected to last through 2027.
Read full story at CIO ECONOMIC TIMES