Record profit forecast for Samsung with dramatic increase in demand for AI chips


  • Samsung is targeting around 20 trillion won next quarter
  • 17 trillion won could come from chip sales alone
  • Smartphones are still selling well so far

Samsung has announced that it expects to earn 19.9-20.1 trillion Korean won ($13.8 billion) next quarter, a more than 3x increase compared to the same period last year.

This will mark Samsung’s highest-ever quarterly profit of 17.6 trillion won in 2018, but it also beats analysts’ expectations of 18 million won.

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