NEW DELHI: Samsung Electronics Co. introduced that its working revenue within the second quarter of this 12 months elevated 15-fold to 10.4 trillion received ($7.5 billion) from 670 billion received reported within the corresponding interval final 12 months.
The South Korean electronics main additional mentioned that the expansion is primarily as a result of sturdy demand for reminiscence chips, which is being pushed by the rising adoption of synthetic intelligence applied sciences.
The tech large additionally reported a 23% improve in consolidated revenues, reaching 74 trillion received ($53 billion). The corporate attributed this progress to favorable market situations, which led to increased common gross sales costs, in addition to sturdy gross sales of OLED panels.
“Pushed by sturdy demand for HBM (excessive bandwidth reminiscence) in addition to standard DRAM and server SSDs (stable state drives), the reminiscence market as a complete continued its restoration,” the Samsung launch mentioned.
The corporate additional defined that the elevated demand for reminiscence chips is a direct results of the continued investments in AI by cloud service suppliers and the rising adoption of AI applied sciences by companies for his or her on-premise servers. Looking forward to the second half of the 12 months, Samsung anticipates that AI servers will seize a bigger share of the market as main cloud service suppliers and enterprises proceed to increase their AI investments.
The South Korean electronics main additional mentioned that the expansion is primarily as a result of sturdy demand for reminiscence chips, which is being pushed by the rising adoption of synthetic intelligence applied sciences.
The tech large additionally reported a 23% improve in consolidated revenues, reaching 74 trillion received ($53 billion). The corporate attributed this progress to favorable market situations, which led to increased common gross sales costs, in addition to sturdy gross sales of OLED panels.
“Pushed by sturdy demand for HBM (excessive bandwidth reminiscence) in addition to standard DRAM and server SSDs (stable state drives), the reminiscence market as a complete continued its restoration,” the Samsung launch mentioned.
The corporate additional defined that the elevated demand for reminiscence chips is a direct results of the continued investments in AI by cloud service suppliers and the rising adoption of AI applied sciences by companies for his or her on-premise servers. Looking forward to the second half of the 12 months, Samsung anticipates that AI servers will seize a bigger share of the market as main cloud service suppliers and enterprises proceed to increase their AI investments.
