Arabic version: سامسونج تسجل أرباحًا قياسية مدفوعة بطلب رقائق الذكاء الاصطناعي

South Korean technology giant Samsung Electronics says it expects to post a 19-fold jump in its profits, driven by global demand for artificial intelligence (AI) memory chips. The company forecast that it made 89 trillion won (£44 billion; $58 billion) between the start of April and the end of June, marking its third record quarterly operating profits in a row.

According to BBC News, Samsung’s latest forecast, released on Tuesday ahead of its full results due later in July, comes as demand for semiconductors continues to outstrip supplies – which has pushed up prices. Samsung said in its preview, known as earnings guidance, that it brought in around 171 trillion won of sales during the quarter, more than double the amount for the same period last year. The company’s projected earnings mark one of “the best quarterly performances ever”, which was close to the tech sector record set by Nvidia earlier this year.

Industry analyst Marc Einstein from Counterpoint Research attributed this success to the ongoing AI boom, stating that memory companies are benefiting from a combination of limited supply and unprecedented demand. Samsung is one of the world’s biggest semiconductor manufacturers, making chips for firms like Nvidia and Google.

The remarkable performance has also positively impacted Samsung’s share price, which has more than doubled since the beginning of the year. Similarly, South Korean competitor SK Hynix has seen its shares rise by over 200%. This strong performance from both companies has contributed to a more than 80% increase in the value of South Korea’s benchmark share index, the Kospi, in 2026.