Samsung expects profits to jump nearly 15-fold thanks to AI boom
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for the second quarter of this year to rise almost 15-fold compared to the same period last year. The firm’s semiconductor business is also traditionally the biggest revenue earner for the company, and demand for chips is expected to remain strong in the year to come as the rise of AI technologies continues. The AI boom has already seen US chip-making giant Nvidia surge past three trillion dollars in market value, with the firm briefly becoming the world’s most valuable company last month.