Record Profits Forecast For Samsung With Dramatic Rise In Demand For AI Chips


  • Samsung targets around 20 trillion won in next quarter
  • 17 trillion won could come from chip sales alone
  • Smartphones are still selling well, for now

Samsung said it expects to earn between 19.9 trillion and 20.1 trillion Korean won ($13.8 billion) in the next quarter, an increase of more than 3 times from the same period last year.

This would be Samsung’s highest-ever quarterly profit of 17.6 trillion won in 2018, but also beat analysts’ expectations of 18 million won.

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