Amid a surge in demand for artificial intelligence technologies, Samsung shares rose by more than 10%, pushing its market value to the $1 trillion mark. This achievement makes Samsung the second Asian company after TSMC to reach this milestone. In its recent financial report, the company announced that its profits have increased eightfold compared to the same period last year. This is reported by Techcrunch.com reports .
Currently, all major corporations building AI systems require high-performance memory chips. Samsung is one of the leaders in manufacturing these specific types of chips. Demand exceeding supply has driven up chip prices, pushing company revenues to record levels.
Market growth was also fueled by news related to Apple. According to reports, Apple is in negotiations with Samsung and Intel to manufacture chips for its devices within the United States. If this deal goes through, it will cause a major shift in the global semiconductor supply chain.
At the heart of Samsung's success are HBM (high-bandwidth memory) chips, which are essential for AI systems. However, the company is facing intense competition from its rival SK Hynix. Additionally, the potential for labor strikes and rising costs in other memory chip divisions are viewed as future challenges for Samsung.
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