Technology of our age artificial intelligence It brings great profits to companies along with innovations that make life easier. In this context, we can say that Samsung has achieved a great operating profit. Samsung announced its financial data for the second quarter of 2024. Accordingly, the company’s profit increased by nearly 1460 percent. The chips used in artificial intelligence training are quite popular Samsung made $7.5 billion profitHere are the details.
Here is the Power of Artificial Intelligence: Samsung Made $7.5 Billion Profit!
Of great importance for artificial intelligence training advanced memory chips Samsung, which produces these chips, made huge profits due to the intense interest in them. According to the second quarter 2024 data, Samsung achieved higher revenue and profit than expected. As announced by Samsung, revenue growth of 23.42 percent in the second quarter of 2024, The increase in operating profit was 1458 percent.
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We can say that technology giant Samsung owes this profit to artificial intelligence. The brand’s artificial intelligence training Memory chips, which are extremely important for the company, are still in high demand. This has a positive impact on the company’s revenue and profit. According to Samsung’s second quarter 2024 data, in the said period $53.5 billion in revenue achieved. In the same period Operating profit is $7.5 billion level was realized.
Samsung used in artificial intelligence HBM memories and traditional DRAM We can say that there is still a high demand for memory. Samsung announced in its statement that they expect high demand for HBM, SSD and server DRAMs to continue in the second half of 2024. The brand, server DRAM and HBM He noted that capacity could be increased in this area to meet demand, which could mean a decrease in the supply of traditional chips.
Samsung to Continue Producing AI Chips
Artificial intelligence chips HBM3E Samsung stated that they will increase the capacity of their memory and that they aim to meet all future demands. Samsung’s HBM3E chips It shows that it will receive certification from Nvidia for. In addition, Samsung continues to work on HBM4 chips and the chips in question are expected to be released in 2026.
More specifically, apart from Samsung’s overall profit, Samsung Device Solutions profit for the first time in more than a year, with revenues of $20 billion and net income of nearly $4.7 billion. In addition, Samsung’s HBM3 chips were sold to Nvidia in artificial intelligence chips It was previously stated that it would be used (exclusively for China). So it can be said that the second half of 2024 will be good for the Samsung chip unit.