Divya Delhi : South Korean technology major Samsung Electronics has reported a massive jump in its second-quarter net profit, rising nearly 1,300% year-on-year, driven by strong demand for artificial intelligence (AI) chips and recovery in the semiconductor market. The company’s semiconductor division witnessed significant growth as global demand increased for advanced memory chips used in AI systems, data centres, and high-performance computing applications. Samsung said the growing adoption of AI technologies has played a key role in improving its financial performance. The strong quarterly results highlight the importance of the AI boom in reshaping the global technology industry. Samsung is continuing to invest in semiconductor research, advanced manufacturing facilities, and next-generation chip technologies to strengthen its position in the competitive global market. Analysts believe sustained demand for AI-related hardware could support further growth for chip manufacturers as companies worldwide expand their artificial intelligence capabilities.
